Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Iran to close Strait of Hormuz yet Trump threatens toll

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Why 2026 World Cup is when AI becomes the interface between fans and football 

      GettyImages 2280946892: Professional meeting with diverse business executives discussing strategies in a modern office set...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 12 December 2021 4:30 pm  |  Updated:  Sunday 12 December 2021 5:01 pm

Fracking companies threaten government with legal action over ban

By: Farah Ghouri

Add as a preferred source on Google
Prices for June oil contracts dramatically crashed this evening as the market faces the prospect of massive oversupply amid plunging demand.

Fracking companies have threatened to take legal action over the government’s ban on the practice, amid the sector’s growing frustration at being left behind the UK energy revolution, according to reports.

The sector sent “pre-action correspondence” to the government after fears prompted by earthquakes in 2019 led to a ban on drilling, according to the Telegraph, which first reported the news.

Fracking is a process of extracting gas from shale rock. In 2019 the government estimated that over 2.5m wells had been hydraulically fractured worldwide.

Boris Johnson announced a moratorium on hydraulic fracturing in England after a scientific paper said predicting the magnitude of earthquakes that could be triggered, was not possible. 

Among the fracking projects that had to be abandoned after the ban, was one financed by billionaire Sir Jim Ratcliffe whose company Ineos wrote off £63m in 2019.

“We support the continued development of geothermal energy in the UK,” Charles McAllister, policy manager at trade body UK Onshore Oil and Gas told the Telegraph.

“However,” he continued, “we would ask the Government to look again at lifting the moratorium on hydraulic fracturing for shale gas in light of its approach to the regulation of seismicity from deep geothermal projects.”

The move by the onshore shale gas industry raises the possibility, if legal action against the government is successful, of the public funding compensation for the industry which was curtailed after repeated attacks on its environmental impact.

Some critics of the ban have argued that fracking could have helped the UK avoid its energy crisis, which has seen scores of UK suppliers collapse since the start of September when the price of buying gas surged.

In October the MP for South Thanet, Craig Mackinlay, called on the government to review its fracking ban, saying it could play help ease the crisis and bring down the cost of fuel, according to Kent Live.

“No matter what our movement is towards Net Zero, whether it is fast or slow – and slower would be my preference – we’re going to be using fossil fuels for some time,” said Mackinlay.

Read more

Social media ban may push children to ‘darker corners of the internet,’ lawyers warn

Australia's policy, which came into force in December and bars children under 16 from major platforms including Tiktok, Instagram, Snapchat and X.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Shale gas fracking
  • UK Oil and Gas Investments

Trending Articles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • Kaleb Cooper: Brits don’t care about the price of milk 

  • Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

  • Iran to close Strait of Hormuz yet Trump threatens toll

  • PwC UK chief swipes global role in international shake-up

More from CityAM

  • Social media ban may push children to ‘darker corners of the internet,’ lawyers warn

    Legal
    Australia's policy, which came into force in December and bars children under 16 from major platforms including Tiktok, Instagram, Snapchat and X.
  • Lex Greensill banned as company director for nine years after multi-billion-pound collapse

    Business
    Lex Greensill speaking at a business conference, wearing a suit and tie, gesturing with his hand while discussing financia...
  • Starmer vows to end system ‘failing our kids’ ahead of expected social media ban

    Politics
    Keir Starmer speaking at London Tech Week conference, discussing innovation and technology advancements in the UK.
  • Trump ban on AI access to foreign users forces Anthropic to suspend models

    Tech
    Donald Trump has threatened to sue the BBC for $1bn
  • King’s Speech shows incremental change is all Starmer knows

    Opinion
    King delivers powerful speech at 2026 summit, addressing global challenges and future strategies, captured in formal setting.
  • ‘Protecting children is right’: Starmer takes on Big Tech with social media ban for under-16s

    Politics
    Keir Starmer speaks in Downing Street
  • Starmer urged to press ahead with under-16 social media ban as decision nears

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts
  • UK law clears hurdle for airlines to ban unruly passengers from travelling

    Aviation
    The Government’s ambition is for the UK to have 50 million international visitors a year by 2030.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies