real-time news and commentary for investors
Friday, Aug 16
Drilling suspended at U.K. site amid escalating protests
- Cuadrilla Resources suspends drilling activity at its site in Balcombe, the town south of London that has become a focus of protests against the U.K.’s efforts to develop a shale gas industry.
- Organizers say a large anti-fracking protest this weekend will involve "direct action and civil disobedience"; efforts two years ago to frack a well in Lancashire set off minor earthquakes.
- Centrica (CPYYF.PK, CPYYY.PK) recently acquired a 25% stake in a Cuadrilla exploration license in northern U.K., a move praised by government officials as a potential catalyst for shale production in the country.