Fracking

Department for Business, Energy and Industrial Strategy written question – answered on 22nd February 2018.

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Photo of Caroline Lucas Caroline Lucas Co-Leader of the Green Party

To ask the Secretary of State for Business, Energy and Industrial Strategy, what financial benchmarks his Department plans to use to inform its consideration, based on an assessment by the Infrastructure and Projects Authority, of the financial resilience of (a) Third Energy UK Gas Limited and (b) other companies proposing to carry out hydraulic fracturing operations.

Photo of Claire Perry Claire Perry The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

As set out in the Written Ministerial Statement of 25 January 2018, my rt. hon. Friend the Secretary of State has asked the Infrastructure and Projects Authority to assess the financial resilience of Third Energy UK Gas Ltd, including its ability to fund decommissioning costs. That process is still ongoing. The Department will respond further, as appropriate, in due course.

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