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

      Mercedes-Benz slammed for swerving payout for car with ‘serious safety risk’

      Mercedes (Photo by Thomas Niedermueller/Getty Images)

      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

      Good call: How Wimbledon’s comms help it to avoid break points

      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

      Exclusive: Richard Caring in talks to buy City icon 1 Lombard Street

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Saturday 02 November 2019 12:01 am  |  Updated:  Friday 01 November 2019 5:26 pm

Government bans fracking “with immediate effect”

By: Edward Thicknesse

Add as a preferred source on Google
Government bans fracking "with immediate effect"

The government announced it has ended its support for fracking in the UK, following the publication of new scientific analysis.

Ministers took the decision on the basis of a report by the Oil and Gas Authority (OGA), which found that it is impossible to accurately predict the probability or magnitude of earthquakes linked to fracking operations.

Read more: Cuadrilla: more fracking this year in Lancashire unlikely

Business secretary Andrea Leadsom said: “Whilst acknowledging the huge potential of UK shale gas to provide a bridge to a zero carbon future, I’ve also always been clear that shale gas exploration in the UK must be carried out safely. 

“In the UK, we have been led by the best available scientific evidence, and closely regulated by the Oil and Gas Authority, one of the best regulators in the world.

“After reviewing the OGA’s report into recent seismic activity at Preston New Road, it is clear that we cannot rule out future unacceptable impacts on the local community.

“For this reason, I have concluded that we should put a moratorium on fracking in England with immediate effect.”

On Saturday morning chancellor Sajid Javid will announce a new Treasury review of the UK’s transition to a zero-carbon economy.

The news comes the same day that Labour announced plans to make all new homes zero carbon within three years. This could save people living in new builds £200 a year in energy bills.

Read more

Reeves warned Iran war oil shock will lead to government borrowing spike

Rachel Reeves speaking at an IOD event.

Labour leader Jeremy Corbyn said: “We will tackle the housing and climate crises at the same time by building warm and energy efficient homes.

“The next Labour government will usher in a Green Industrial Revolution to tackle climate change and create hundreds of thousands of green jobs.”

Tom Wheeler, the Oil and Gas Authority’s director of regulation, said: “Based on [the risk of induced seismicity], the OGA believes that further detailed geomechanical analysis would be needed before we could evaluate with confidence whether hydraulic fracturing could resume in the Fylde, or elsewhere, consistent with the Government’s policy aims.”

Read more: Extinction Rebellion protests cost Met Police £37m

Operations at Preston New Road in Lancashire, which were run by Cuadrilla Resources, have been suspended since a magnitude 2.9 event was recorded on 26 August.

Other sources of natural gas will continue to contribute to the UK’s diverse energy mix. The committee on climate change has previously said that there will still be a requirement for natural gas in a 2050 net zero economy.

The decision to ban fracking comes a week after a report from the National Audit Office found that public opposition to fracking had doubled since 2013.

Main image credit: Getty

Read more

‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Related Topics

  • Shale gas fracking

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • Clarkson’s Farm and why businesses must stop blaming the weather

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Lloyd’s deputy chair: The City is a club in the best sense

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

More from CityAM

  • Reeves warned Iran war oil shock will lead to government borrowing spike

    Economics
    Rachel Reeves speaking at an IOD event.
  • ‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis

    Economics
    Rain Newton-Smith addressing audience at a business conference, wearing a professional suit and speaking at a podium.
  • Thames Water on cusp of public ownership after ‘weak’ deal

    Water
    Thames Water creditors have made a last-ditch offer for a rescue deal.
  • X-energy Submits Xe-100 HTGR for UK Generic Design Assessment

    Business Wire
  • UK government borrowing overshoots expectations on day Burnham elected

    Economics
    Westminster Houses of Parliament under clear sky, iconic London landmark representing UK government and politics
  • Promega Receives SBTi Validation for Near-Term Science-Based Emissions Reduction Targets

    Business Wire
  • ‘Dire’: Rapid decline in construction as sector slashes jobs

    Economics
    Construction workers building a residential complex, symbolizing Labours push for renters rights legislation
  • ‘Walking stick daggers’ and ‘nunchucks’ return to London Tech Week banned list

    Tech
    Keir Starmer speaks at London Tech Week

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

Sections

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

Company

  • About
  • Newsroom
  • Contact

Legal

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