Diversified Energy faces Congress inquiry over methane emissions
A London-listed American gas and oil producer is facing scrutiny from US Congress over its environmental liabilities.
Diversified Energy may be “vastly underestimating well clean-up costs”, four members of the House of Representatives have alleged in a letter to Rusty Hutson Jr, its chief executive, seeking further information from the FTSE 250 group.
News of the letter sent shares in Diversified down by almost 15 per cent, or 188½p, to a close of £11.22.
The letter from Democrat members of the House energy and commerce committee was sent on Monday, coinciding with Diversified’s shares beginning trading under a secondary listing in New York.
Diversified Energy was founded by Hutson, 54, in 2001 and was listed in London in 2017, moving to the main market in
