Company behind failed Surrey oilfield project sells site at massive loss

The supreme court reversed a 2019 decision to grant planning permission for expanding operations at the Horse Hill oil site near Horley. Photograph: Carl Court/Getty Images

After years of trying to dig for oil in Surrey, the company behind the drilling project that was turned down in a landmark supreme court ruling has sold off the site for a fraction of the money it spent on it, and rebranded as a clean energy company.

Meanwhile, the new owners, who picked up the site for £1m, are applying, once again, for permission to dig.