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Fracking Company Owned By Barclays Bank

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“Barclays Bank is backing the search for shale gas in Yorkshire and could fund fracking in the area as early as next year [ie 2014!, The Sunday Telegraph can disclose.” (Nov. 2013)

“Third Energy, which is 97pc-owned by Barclays Natural Resource Investments, a private equity arm of the bank, took shale rock samples while drilling in Kirby Misperton, Ryedale, this summer and is now analysing their potential.”

“The company has drilling rights across a 154 square mile area around the Vale of Pickering, which sits above part of the Bowland shale formation.”

Source: Sunday Telegraph, November 2013

The article goes on to say that “The British Geological Survey estimates that 1,300 trillion cubic feet of shale gas lies within the Bowland, which stretches from Cheshire to Yorkshire. If 10pc could be extracted it could meet UK needs for 40 years.

The article fails to mention that similar “meet our needs for 40 years” estimates in California turned out to be huge over-estimates, with over two-thirds of Californians now supporting a halt to fracking. Neither does it mention that fracking is an approach that has ruined peoples’ lives (see videos on this site re USA and Australia), and that other less disruptive means of obtaining energy are also available.



http://frackfreeryedale.org/?p=195

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“Barclays Bank is backing the search for shale gas in Yorkshire and could fund fracking in the area as early as next year [ie 2014!, The Sunday Telegraph can disclose.” (Nov. 2013)

“Third Energy, which is 97pc-owned by Barclays Natural Resource Investments, a private equity arm of the bank, took shale rock samples while drilling in Kirby Misperton, Ryedale, this summer and is now analysing their potential.”

“The company has drilling rights across a 154 square mile area around the Vale of Pickering, which sits above part of the Bowland shale formation.”

Source: Sunday Telegraph, November 2013

The article goes on to say that “The British Geological Survey estimates that 1,300 trillion cubic feet of shale gas lies within the Bowland, which stretches from Cheshire to Yorkshire. If 10pc could be extracted it could meet UK needs for 40 years.

The article fails to mention that similar “meet our needs for 40 years” estimates in California turned out to be huge over-estimates, with over two-thirds of Californians now supporting a halt to fracking. Neither does it mention that fracking is an approach that has ruined peoples’ lives (see videos on this site re USA and Australia), and that other less disruptive means of obtaining energy are also available.

http://frackfreeryedale.org/?p=195

that's why we ALL need to take a bit of personal responsibility and diversify OUR OWN energy sources.

..and as you rightly state, probably best to be rather more conservative with the estimates than the extraction companies are.

lets say we have 10 years worth,hardly a dent is it?so what do we do after?

mini cold-fusion reactors that are the size of a typical combi-boiler and can be had for a couple of grand seem to be a little way off,

but the moral of the story is everything is too centralised.try not to be too dependent on them.

ps if you want solar stuff,these guys are great!(not-for profit plug because I really do rate them bvery highly)http://www.bimblesolar.com/solar

Edited by oracle

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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