Conditions that must be met for fracking
Here are the conditions set for Cuadrilla so fracking can begin
The Minister decided that: "“Cuadrilla Bowland Limited, as operator of the PEDL 165 License and equity investor in the Licence alongside AJ Lucas and Spirit Energy on a joint and several basis, combined with continuing financial support from its ultimate shareholders has an adequate level of financial resilience to undertake the Project”.
1) (a) No associated hydraulic fracturing may commence pursuant to this consent until you (Cuadrilla) have submitted to the Department a copy of the unqualified audited report and accounts relating to the latest full financial year of Spirit Energy Limited and I have confirmed to you in writing that I am satisfied that they are broadly in line with unaudited financial statements previously submitted to the IPA in support of your application for Hydraulic Fracturing Consent.Or; (b) If you wish to commence hydraulic fracturing operations in advance of Spirit Energy Limited’s audited accounts being ready for submission to the Department, you must provide the Department with evidence of the deposit of Â£557,000 in a suitable Escrow account in support of your potential Decommissioning Cost liability.
No hydraulic fracturing may commence until you have my written confirmation that these arrangements are satisfactory. Once Spirit Energy Limited’s audited accounts are available, you must then submit these to the Department in line with Condition 1a).
2) The arrangements for publication of the results of the monitoring required by section 4A(6)(a) of the Petroleum Act 1998, set out in your letter dated 18 May 2018 which accompanied the application, must remain in place for the period for which this Hydraulic Fracturing Consent remains in force.
ExpirationThis consent will expire on the same date as the end of the second term of your Petroleum Exploration and Development Licence (PEDL No.165), unless this consent is withdrawn or extended by notice in writing given by or on behalf of the Secretary of State prior to that date. This consent may be withdrawn if there has been a breach of the conditions or the Energy Minister considers there to have been a material change in circumstances and it is no longer appropriate for this consent to remain in force.