London | Australian mining services company AJ Lucas has relinquished its ambitions to become the first shale gas producer in Britain, acknowledging defeat in a two-year battle with Prime Minister Boris Johnson’s government.
The ASX-listed company will order its British subsidiary, Cuadrilla, to plug and abandon the two wells it had sunk at the Preston New Road site in northern England, dormant since a government-imposed moratorium on fracking in November 2019.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
