The UK’s new Prime Minister is set to unveil a substantial energy support package. The package will encourage North Sea drilling and potentially lift a ban on fracking. While Truss has said local communities will need to back such schemes, fracking companies will offer 25 percent reductions to their energy bills as an incentive. The UK is lifting a 2019 moratorium on shale gas fracking as it looks to ramp up domestic energy resources and help households and businesses struggling to pay soaring energy bills, Britain’s new Prime Minister Liz Truss said at the House of Commons on Thursday. Truss will also soon issue new licenses for oil and gas drilling in the North Sea as Britain looks to increase its own energy resources. The lifting of the fracking ban comes nearly three years after the UK government ended its support for fracking following a report from the authority […]