Bloomberg: Cuadrilla CEO Says Proceeding With Shale-Gas Development in U.K.

Cuadrilla Resources Ltd. is proceeding with the development of shale gas in northern England even as environmental opposition grows and other regions impose temporary bans on drilling.

“Where we are in Lancashire, we are still going forward,” Chief Executive Officer Francis Egan said Tuesday on Bloomberg television. “We have all the permits from the environment agency now.”

Scotland and Wales this year imposed a moratorium on fracking, which involves blasting water, sand and chemicals at high pressure to release gas within shale rock, until they study new environmental safeguards. Cuadrilla faced a setback last month when planners in Lancashire County Council recommended rejecting its applications to drill at two sites. The final decision was delayed to April after the company asked for an extension to address residents’ concerns about traffic and noise.