Carillion links put fracking firm’s scheme in doubt

Carillion links put fracking firm’s scheme in doubt

North Yorkshire project halted for inquiry into stability of Third Energy, whose chairman is former chief executive of outsourcing giant

A controversial plan to start fracking for shale gas in rural North Yorkshire has been thrown into doubt amid mounting concerns over the finances and management of the company behind the scheme.

In a move that has encouraged anti-fracking protestors, energy secretary Greg Clark has ordered the start of drilling at Kirby Misperton to be put on hold pending an investigation into the “financial resilience” of Third Energy.

The Department for Business, Energy and Industrial Strategy has offered no guarantee that the project would get a final go-ahead.

Clark’s move, taken after the collapse of outsourcing firm Carillion, came as protest groups and Labour politicians drew attention to the fact that Carillion’s former chief executive, Keith Cochrane, is now the non-executive chairman of Third Energy.

Read on… https://www.theguardian.com/environment/2018/feb/10/carillion-links-north-yorkshire-fracking-third-energy?CMP=Share_iOSApp_Other

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