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
19 August 2025
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
19 August 2025
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
15 August 2025
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables