Fracking Company Cuadrilla Continues to Lose Millions, Accounts Show

Source: Desmog UK


Despite the government’s best efforts to boost the industry, fracking remains an expensive business in the UK.

Fracking company Cuadrilla operated at a £3.4m loss over the course of 2016, its latest accounts show. That makes the company about £1m less well-off than a year before, and returns it to the same level of loss it experienced in 2014.