Liz Truss Will Approve More Oil Drilling If She Becomes Prime Minister Oil

Amid growing public frustration over rising energy bills, Truss policy advisers are believed to be discussing proposals to issue up to 130 new drilling permits, which typically take nearly three decades to produce oil and gas. Business secretary Kwasi Kwarteng and Brexit opportunities minister Jacob Rees-Mogg met with oil and gas companies to discuss how to secure energy supplies this winter, the Times reported. Discussions reportedly include importing more natural gas from Norway in the short term, while increasing domestic production. The climate change panel has previously said it takes an average of 28 years for an exploration permit to lead to oil and gas production. Greenpeace UK Chief Scientist Dr Doug Parr said stepping up drilling in the North Sea would do little to reduce energy bills. “Unleashing a drilling frenzy in the North Sea is not a plan to help bill payers, but a gift to the fossil fuel giants who are already making billions from this crisis,” he said. “New oil and gas may take a quarter of a century to pump, will eventually be sold at world prices and have no real impact on energy bills, but still fuel the climate crisis.” He said the UK’s reliance on natural gas was among the factors driving up bills and called for faster action to promote new wind and solar projects, as well as improving energy efficiency by insulating UK homes, which it is one of the most leaky in Europe. Subscribe to the Business Today daily email or follow Guardian Business on Twitter @BusinessDesk He added: “If Liz Truss really wants to help cash-strapped households, she should bring in a freeze on energy bills along with additional financial support for the poorest households, partly funded by properly taxing the astronomical profits of oil companies and natural gas”. Truss’ North Sea plan comes amid a continent-wide push to secure gas supplies before winter, after Vladimir Putin began throttling pipeline flows amid a geopolitical standoff over his invasion of Ukraine. The UK is more reliant on natural gas than most European countries and has very little storage after the Rough facility off the Yorkshire coast closed in 2017. Labor had previously called on Truss to explain its role in its consent government to close Rough.

title: “Liz Truss Will Approve More Oil Drilling If She Becomes Prime Minister Oil Klmat” ShowToc: true date: “2022-12-10” author: “Brian Parker”

Amid growing public frustration over rising energy bills, Truss policy advisers are believed to be discussing proposals to issue up to 130 new drilling permits, which typically take nearly three decades to produce oil and gas. Business secretary Kwasi Kwarteng and Brexit opportunities minister Jacob Rees-Mogg met with oil and gas companies to discuss how to secure energy supplies this winter, the Times reported. Discussions reportedly include importing more natural gas from Norway in the short term, while increasing domestic production. The climate change panel has previously said it takes an average of 28 years for an exploration permit to lead to oil and gas production. Greenpeace UK Chief Scientist Dr Doug Parr said stepping up drilling in the North Sea would do little to reduce energy bills. “Unleashing a drilling frenzy in the North Sea is not a plan to help bill payers, but a gift to the fossil fuel giants who are already making billions from this crisis,” he said. “New oil and gas may take a quarter of a century to pump, will eventually be sold at world prices and have no real impact on energy bills, but still fuel the climate crisis.” He said the UK’s reliance on natural gas was among the factors driving up bills and called for faster action to promote new wind and solar projects, as well as improving energy efficiency by insulating UK homes, which it is one of the most leaky in Europe. Subscribe to the Business Today daily email or follow Guardian Business on Twitter @BusinessDesk He added: “If Liz Truss really wants to help cash-strapped households, she should bring in a freeze on energy bills along with additional financial support for the poorest households, partly funded by properly taxing the astronomical profits of oil companies and natural gas”. Truss’ North Sea plan comes amid a continent-wide push to secure gas supplies before winter, after Vladimir Putin began throttling pipeline flows amid a geopolitical standoff over his invasion of Ukraine. The UK is more reliant on natural gas than most European countries and has very little storage after the Rough facility off the Yorkshire coast closed in 2017. Labor had previously called on Truss to explain its role in its consent government to close Rough.

title: “Liz Truss Will Approve More Oil Drilling If She Becomes Prime Minister Oil Klmat” ShowToc: true date: “2022-10-26” author: “Mary Wilson”

Amid growing public frustration over rising energy bills, Truss policy advisers are believed to be discussing proposals to issue up to 130 new drilling permits, which typically take nearly three decades to produce oil and gas. Business secretary Kwasi Kwarteng and Brexit opportunities minister Jacob Rees-Mogg met with oil and gas companies to discuss how to secure energy supplies this winter, the Times reported. Discussions reportedly include importing more natural gas from Norway in the short term, while increasing domestic production. The climate change panel has previously said it takes an average of 28 years for an exploration permit to lead to oil and gas production. Greenpeace UK Chief Scientist Dr Doug Parr said stepping up drilling in the North Sea would do little to reduce energy bills. “Unleashing a drilling frenzy in the North Sea is not a plan to help bill payers, but a gift to the fossil fuel giants who are already making billions from this crisis,” he said. “New oil and gas may take a quarter of a century to pump, will eventually be sold at world prices and have no real impact on energy bills, but still fuel the climate crisis.” He said the UK’s reliance on natural gas was among the factors driving up bills and called for faster action to promote new wind and solar projects, as well as improving energy efficiency by insulating UK homes, which it is one of the most leaky in Europe. Subscribe to the Business Today daily email or follow Guardian Business on Twitter @BusinessDesk He added: “If Liz Truss really wants to help cash-strapped households, she should bring in a freeze on energy bills along with additional financial support for the poorest households, partly funded by properly taxing the astronomical profits of oil companies and natural gas”. Truss’ North Sea plan comes amid a continent-wide push to secure gas supplies before winter, after Vladimir Putin began throttling pipeline flows amid a geopolitical standoff over his invasion of Ukraine. The UK is more reliant on natural gas than most European countries and has very little storage after the Rough facility off the Yorkshire coast closed in 2017. Labor had previously called on Truss to explain its role in its consent government to close Rough.

title: “Liz Truss Will Approve More Oil Drilling If She Becomes Prime Minister Oil Klmat” ShowToc: true date: “2022-10-21” author: “Patrick Hollingshead”

Amid growing public frustration over rising energy bills, Truss policy advisers are believed to be discussing proposals to issue up to 130 new drilling permits, which typically take nearly three decades to produce oil and gas. Business secretary Kwasi Kwarteng and Brexit opportunities minister Jacob Rees-Mogg met with oil and gas companies to discuss how to secure energy supplies this winter, the Times reported. Discussions reportedly include importing more natural gas from Norway in the short term, while increasing domestic production. The climate change panel has previously said it takes an average of 28 years for an exploration permit to lead to oil and gas production. Greenpeace UK Chief Scientist Dr Doug Parr said stepping up drilling in the North Sea would do little to reduce energy bills. “Unleashing a drilling frenzy in the North Sea is not a plan to help bill payers, but a gift to the fossil fuel giants who are already making billions from this crisis,” he said. “New oil and gas may take a quarter of a century to pump, will eventually be sold at world prices and have no real impact on energy bills, but still fuel the climate crisis.” He said the UK’s reliance on natural gas was among the factors driving up bills and called for faster action to promote new wind and solar projects, as well as improving energy efficiency by insulating UK homes, which it is one of the most leaky in Europe. Subscribe to the Business Today daily email or follow Guardian Business on Twitter @BusinessDesk He added: “If Liz Truss really wants to help cash-strapped households, she should bring in a freeze on energy bills along with additional financial support for the poorest households, partly funded by properly taxing the astronomical profits of oil companies and natural gas”. Truss’ North Sea plan comes amid a continent-wide push to secure gas supplies before winter, after Vladimir Putin began throttling pipeline flows amid a geopolitical standoff over his invasion of Ukraine. The UK is more reliant on natural gas than most European countries and has very little storage after the Rough facility off the Yorkshire coast closed in 2017. Labor had previously called on Truss to explain its role in its consent government to close Rough.

title: “Liz Truss Will Approve More Oil Drilling If She Becomes Prime Minister Oil Klmat” ShowToc: true date: “2022-11-09” author: “Frances Bowling”

Amid growing public frustration over rising energy bills, Truss policy advisers are believed to be discussing proposals to issue up to 130 new drilling permits, which typically take nearly three decades to produce oil and gas. Business secretary Kwasi Kwarteng and Brexit opportunities minister Jacob Rees-Mogg met with oil and gas companies to discuss how to secure energy supplies this winter, the Times reported. Discussions reportedly include importing more natural gas from Norway in the short term, while increasing domestic production. The climate change panel has previously said it takes an average of 28 years for an exploration permit to lead to oil and gas production. Greenpeace UK Chief Scientist Dr Doug Parr said stepping up drilling in the North Sea would do little to reduce energy bills. “Unleashing a drilling frenzy in the North Sea is not a plan to help bill payers, but a gift to the fossil fuel giants who are already making billions from this crisis,” he said. “New oil and gas may take a quarter of a century to pump, will eventually be sold at world prices and have no real impact on energy bills, but still fuel the climate crisis.” He said the UK’s reliance on natural gas was among the factors driving up bills and called for faster action to promote new wind and solar projects, as well as improving energy efficiency by insulating UK homes, which it is one of the most leaky in Europe. Subscribe to the Business Today daily email or follow Guardian Business on Twitter @BusinessDesk He added: “If Liz Truss really wants to help cash-strapped households, she should bring in a freeze on energy bills along with additional financial support for the poorest households, partly funded by properly taxing the astronomical profits of oil companies and natural gas”. Truss’ North Sea plan comes amid a continent-wide push to secure gas supplies before winter, after Vladimir Putin began throttling pipeline flows amid a geopolitical standoff over his invasion of Ukraine. The UK is more reliant on natural gas than most European countries and has very little storage after the Rough facility off the Yorkshire coast closed in 2017. Labor had previously called on Truss to explain its role in its consent government to close Rough.