Monthly Archives: March 2016

Underground Coal Gasification Collapse Shows Fragility Of Fracking

Underground Coal Gasification Collapse Shows Fragility Of Fracking

  • Newcastle based UCG company collapses
  • Despite £1 billion in loan guarantees
  • Could not find backers after 8 years
  • Big victory for communities UK-wide
  • Made UCG brand as toxic as its reality
  • Rebrand as “deep gas winning” failed
  • Licences will be picked up by others
  • But sets precedent, industry can be beaten
  • Shows fragility of fracking industry
  • Shale industry in US also in chaos
  • Fracking can be starved of investment
  • Community resistance key to success

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