Barclays says to exit British gas fracking business

$Barclays says to exit British gas fracking business$

FILE PHOTO: Workers are seen in at Barclays bank offices in the Canary Wharf financial district in London, Britain, November 17, 2017. REUTERS/Toby Melville/File Photo - Copyright Toby Melville(Reuters)

By Reuters

Published on 25/04/2019 - 18:04•Updated 07/05/2024 - 17:54

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LONDON (Reuters) - Barclays said it is exiting its British gas fracking business after gas developer Third Energy, in which Barclays owns a significant stake, reached an agreement to sell its onshore gas activities, including its fracking site in northern England, to U.S.-based Alpha Energy.

"The deal confirms that we no longer have the stake in the fracking site," a Barclays spokesman said via email.