Ascent Resources CEO: Company May Sue Slovenian Government Over Fracking Permits (Video Interview)

By , 20 Dec 2018, 16:00 PM Business
Ascent Resources' CEO Colin Hutchinson Ascent Resources' CEO Colin Hutchinson Screenshot from the embedded video

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Ascent Resources, the UK-based firm involved in a four-year and sometimes heated dispute over permits for a fracking and gas-processing plant in Petišovci, Prekmurje, is about to raise the stakes with the threat of legal action against the Slovenian government. One recent issue in the case was a number of abusive emails that were sent by people claiming to be Ascent Resources investors to ARSO and the Environment Minister, a matter that is now receiving police attention in Slovenia.

Related: Slovenia’s environment vs foreign capital, corrupt officials and internet trolls

Speaking to London South East, CEO Colin Hutchinson said that while Slovenia remained a high risk environment for foreign investors he was hopeful that the two permits needed for the project to go ahead would eventually be granted by the Slovenian Environment Agency (Agencija Republike Slovenije za okolje, ARSO).

You can see London South East’s interview with Mr Hutchinson below in which he discusses the emails, fracking, the possible legal action the firm may take, and his hopes for the future

Related: Investors claim fracking in Prekmurje would benefit Slovenian gas consumers

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