UK PM contender Truss backs North Sea and fracking
The favourite to be the country’s next leader backs domestic supply solutions
Liz Truss, the smart-money candidate to win the UK Conservative party’s leadership race and, with it, the prime minister’s job, has come out strongly in favour of championing domestic solutions to tackle the energy supply and price crunch. But the country’s energy industry may be more concerned about her lack of understanding of their business than excited by her promise of support. “My second priority is increasing the supply of energy to the UK,” Truss told a final hustings at the end of August. Her first is to support customers through reversing a tax increase and a temporary moratorium on environmental levies placed on energy bills. “We should have made decisions years ago about nuclear
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks