Cluff Natural Resources (CLNR) is to pursue unconventional opportunities south of the border following the Scottish Government's moratorium on Underground Coal Gasification.
Underground Coal Gasification (UCG)
Fracking offers a “once-in-a-generation” opportunity to create jobs and boost the Scottish economy, according to chemicals company Ineos.
The Scottish Government has announced it has put in place a moratorium on underground coal gasification (UCG) in Scotland, following on from its existing fracking moratorium.
Oil pioneer Algy Cluff said yesterday his company’s plans to tap coal reserves under the Firth of Forth were in keeping with the concept of Scottish independence. And in announcing the first half results for Cluff Natural Resources (CNR), Mr Cluff criticised the previous UK Government’s support for North Sea windfarms. Mr Cluff, chairman and chief executive of CNR, said large windfarms blocked access to gas fields and sucked up taxpayers’ money.