Barclays-backed business applies to frack near Flamingo Land in North Yorkshire
How is it that coal mines and power stations were developed , notwithstanding their polluting characteristics, with none of the current controversies about every windmill and fracking site planned across rural England? Makes you think….This article tells us:
A company backed by Barclays bank is seeking planning permission to frack for shale gas near the Flamingo Land theme park in North Yorkshire, under plans that have already drawn criticism from local MP Anne McIntosh.
Fracking could take place as soon as next year if approval is granted to Third Energy, which is 97pc owned by Barclays Natural Resource Investments, the bank’s private equity division.
Third Energy took shale rock samples while drilling at the site just outside Kirby Misperton, in Ryedale, last summer.
It has now announced that it will seek permission to hydraulically fracture – or frack – the same well to test how easily the shale gas can be made to flow out of the ground.
Rasik Valand, Third Energy chief executive, said: “Our analysis indicates that there could be a significant new gas reservoir in our North Yorkshire licence area.”