NEWNow you can listen to the articles from Fox News!

British Prime Minister Liz Truss ended the UK ban on fracking on Thursday, opening the door to domestic shale gas production in the midst of a European energy crisis.

The return of fracking is just one piece of a larger energy and economic plan that Truss has been pursuing in his first few weeks since he got the job. His administration also announced a nationwide freeze on energy prices for households, a plan that will cost the government tens of billions.

Under Truss’s plan, household energy costs will be capped at $ 2,900 per year after rising to $ 4,100 in 2022.

The UK and other European countries faced a worsening energy crisis due to heavy dependence on oil and gas imports from Russia. Russian President Vladimir Putin limited exports to Europe after NATO countries imposed severe economic sanctions on the county for invading Ukraine.

PIERS MORGAN WARNINGS NEW BRITISH PRIME MINISTER LIZ TRUSS: “WE WILL BE VERY LOST IF YOU DON’T DELISH”

Liz Truss meets supporters at an election campaign for the Conservative Party leadership in Birmingham, England on August 23, 2022.
(Photo AP / Rui Vieira, File)

Russian President Vladimir Putin has severely limited energy exports to Europe.

Russian President Vladimir Putin has severely limited energy exports to Europe.
(Mikhail Metzel, Sputnik, photo of the Kremlin pool via AP)

LIZ TRUSS BECOMES UK PRIME MINISTER, BORIS JOHNSON PRESENTS THE RESIGNATION TO QUEEN ELIZABETH

The UK initially banned fracking in 2019, but could restart domestic production as early as March 2023.

The energy crisis has prompted the UK and many of its European neighbors to reconsider shutting down nuclear power. Germany created loopholes in its plan to close its last plants last week, allowing two to reopen if needed.

Belgium, meanwhile, had plans to shut down two reactors by 2025, but will now keep them open until 2036. France is looking to build another 14 reactors in the coming decades.

The UK, The Czech Republic, Poland and others are also designing completely new reactors.

CLICK HERE TO GET THE FOX NEWS APP

However, nuclear power is the cleanest and most efficient source of energy currently available disasters in some plants they made some fear the method. The most problematic part of nuclear power generation it is the safe disposal of spent fuel rods, which remain highly radioactive for hundreds of thousands of years.

Leave a Reply

Your email address will not be published.