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Richard Anderson

As Fracking Firms Struggle To Stay Afloat, Big Banks Turn Their Backs

Fracking companies in Britain admit they are “suffering” and struggling to secure finance.

July 14th, 2017

By
    Richard Anderson
  • Telegram
Police prepare to remove a protestor from the top of a vehicle waiting to enter an exploratory drill site for the controversial gas extraction process known as fracking at Barton Moss in Manchester, England, Monday, Jan. 13, 2014. (AP Photo/Jon Super)

Fracking companies in Britain privately admit they are “suffering” and struggling to secure finance, according to government documents obtained via freedom of information. In a meeting last May with then-business minister Anna Soubry, the Onshore Energy Services Group (OESG) said raising the money needed to develop a wide-scale fracking

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