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New British PM sinks AJ Lucas’ fracking hopes

Hans van Leeuwen
Hans van LeeuwenEurope correspondent

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London | New British Prime Minister Rishi Sunak appears to have dashed ASX-listed mining services company AJ Lucas’ hopes of restarting the fracking operation of its UK subsidiary, Cuadrilla Resources.

Mr Sunak told parliament he would reinstate an indefinite ban on hydraulic fracturing, a method of gas extraction, which had been lifted by his pro-fracking predecessor, Liz Truss.

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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

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    Original URL: https://www.afr.com/companies/energy/new-british-pm-sinks-aj-lucas-fracking-hopes-20221027-p5btay