50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit

UK government formally confirms lifting of fracking ban


Newly installed Business Secretary Jacob Rees-Mogg leaves Downing Street, London, after meeting new Prime Minister Liz Truss, Tuesday, Sept. 6, 2022. (Kirsty O'Connor/PA via AP)

LONDON (AP) — The U.K. government formally confirmed Thursday that it's lifting a ban on fracking in England, arguing that the move will help boost the country's energy security amid Russia's war in Ukraine.

Prime Minister Liz Truss announced within days of taking office earlier this month that she would reverse a 2019 ban on hydraulic fracturing, a controversial technique used to extract oil and gas from shale rock.

Britain needs to “explore all avenues available to us through solar, wind, oil and gas production – so it’s right that we’ve lifted the pause to realize any potential sources of domestic gas,” business and energy secretary Jacob Rees-Mogg said Thursday.

Truss said she “will not be going ahead with anything that carries a risk," but stressed that "energy security is vital.”

The U.K. government suspended fracking in November 2019, saying it wasn't possible to accurately predict tremors associated with the drilling.

The Department for Business, Energy and Industrial Strategy said lifting the ban means future applications will be considered “where there is local support." Developers will need to have the necessary licences and permissions before they can commence operations.

Environmental groups have long opposed the practice of fracking, saying it's not an effective way to generate energy, doesn't help lower steeply rising energy bills, and is opposed by communities wherever it is attempted.

"Even when the government went ‘all out for shale’, the frackers produced no energy for the U.K. but managed to create two holes in a muddy field, traffic, noise and a colossal amount of controversy,” Greenpeace energy security campaigner Philip Evans said.

A government-commissioned review on the risks of shale gas extraction by the British Geological Survey was inconclusive, saying more data was needed. Officials argued that the “limited current understanding of U.K. geology and onshore shale resources” shouldn't be a barrier to fracking.


“It is clear that we need more sites drilled in order to gather better data and improve the evidence base, and we are aware that some developers are keen to assist with this process,” a statement from the government's business department said.

“Lifting the pause on shale gas extraction will enable drilling to gather this further data, building an understanding of U.K. shale gas resources and how we can safely carry out shale gas extraction in the U.K. where there is local support.”

7 Sports Betting Stocks to Buy for Their Long-Term Possibilities

Since 2018, one of the most compelling sectors for growth-oriented investors is the sports betting sector. That was the year the U.S. Supreme Court allowed states to legalize sports betting. Since then 30 states have taken that step including New York and New Jersey which are two key markets. In fact, the state of New York broke a record when it legalized online sports betting in January 2022.

This makes it a good time to consider investing in sports betting stocks. Many of these stocks are trading at significant discounts as part of the broad market sell-off. The reason for this is competition. There are a nearly endless number of online sportsbooks competing for consumer dollars.

And it would appear there's enough revenue to go around. According to Data Bridge Market Research, the global sports betting market is expected to grow at a compound annual growth rate of 10.26% between now and 2029.

With that said, sports betting stocks are definitely risk-on assets. And the payoff may be years away.  But if you have time and have a tolerance for risk, here are seven sports betting stocks to consider for solid upside gains.

View the "7 Sports Betting Stocks to Buy for Their Long-Term Possibilities".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Most Read This Week

Recent Articles

Search Headlines:

Latest PodcastDo These Dividend Achievers Deserve A Place In Your Portfolio?

ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.