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
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task