New UK prime minister Liz Truss has lifted a ban on fracking
UK shale drillers hope for rebirth
The new administration’s lifting of a fracking moratorium is cause for renewed optimism
UK chemicals firm Ineos has repeated its offer to drill a test shale gas well after the country’s new prime minister, Liz Truss, removed a fracking ban. Independent producer Igas also welcomed the move as the UK shale industry seeks revitalisation. Ineos chairman Jim Ratcliffe first made the test well offer in a national newspaper op-ed in April. “Shale has helped transform the energy landscape and the local communities in the US, [which] is well protected against the energy crisis as it is making the most of its natural resources. It can do the same here in the UK,” says Ineos director Tom Crotty. “We have promised to invest the first 6pc of the value of the gas back into the local communit
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