Longridge News: Fracking on hold as new sites planned
THE head of one of Lancashire’s biggest business bodies has warned red tape is threatening to drive the fracking industry away from the county.
John Kersey, chairman of the Institute of Directors in Lancashire, has accused the county’s councils of allowing regulation to hold up work on wells. He said it could cost 1,300 jobs per year, which it’s claimed could be created over the next decade.
The warning follows the decision of Cuadrilla Resources, the company bidding to tap into gas locked under the Lancashire countryside, to halt work at its site at Anna’s Road, near Lytham, while more work continues on a wide-ranging environmental impact assessment of fracking.