Index Investing News
Monday, May 11, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Rishi Sunak Won’t Allow Fracking

by Index Investing News
October 27, 2022
in Opinion
Reading Time: 3 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter



Updated Oct. 27, 2022 7:06 pm ET

British Prime Minister Rishi Sunak



Photo:

Dan Kitwood/Getty Images

Rishi Sunak

began his tenure as British Prime Minister this week with a move that will warm

Vladimir Putin’s

heart: reversing predecessor

Liz Truss’s

tentative push for more fracking for domestic natural gas.

In his first appearance in Parliament as PM on Wednesday, Mr. Sunak said he’s going to stick with his Conservative Party’s 2019 campaign promise to maintain a ban on hydraulic fracturing technology to drill for gas under the English countryside. The world has changed since 2019, not least with Russia’s energy blackmail and soaring costs, and Ms. Truss wanted to lift the fracking ban if local communities agreed.

Fracking divides the Tory coalition because so many of the party’s rank and file hail from the genteel countryside. Former Prime Minister

David Cameron

tried but failed to permit fracking, and

Boris Johnson

eventually banned it. For all her mistakes, Ms. Truss recognized this made the country vulnerable as global gas-price spikes feed through to calamitous increases in household and commercial energy costs.

Mr. Sunak also supported fracking during his failed leadership bid against Ms. Truss over the summer. But now that he’s succeeded her as PM, he is hanging on the fantasy that renewables and nuclear power can meet all of Britain’s energy needs. Mr. Johnson deserves credit for trying to jump-start nuclear, but those projects are years from completion and many households and businesses are set up to burn gas anyway. The battery technology doesn’t currently exist to power an advanced industrial economy on wind and solar.

Without natural gas, or a credible plan to produce more of it, Mr. Sunak’s energy strategy is no strategy at all. His agenda of tax increases and European-style regulation already foretells a low-growth Britain. Under his energy policies, Britain could be colder and darker, too.

With Liz Truss’s resignation as Prime Minister, Britain’s Tories show they have failed to learn from their economic failures. Images: Reuters/EPA/Shutterstock Composite: Mark Kelly

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

Tags: FrackingRishiSunakwont
ShareTweetShareShare
Previous Post

China remains top threat to US – Pentagon — RT World News

Next Post

VRTX with a best and raise. : stocks

Related Posts

Marijuana Vendors Sued For Allegedly Not Warning Consumers Of Risks – FREEDOMBUNKER

Marijuana Vendors Sued For Allegedly Not Warning Consumers Of Risks – FREEDOMBUNKER

by Index Investing News
May 7, 2026
0

Authored by Matthew Vadum via The Epoch Times,Companies that legally sell recreational marijuana to adults are being sued in Illinois...

a century of transformation in Southern Africa

a century of transformation in Southern Africa

by Index Investing News
April 27, 2026
0

Dr Pali Lehohla|Published 6 days agoIn this article that marks fifty years on from June 16, I posit through the...

The Queens street meetup was chaos—and can’t happen again

The Queens street meetup was chaos—and can’t happen again

by Index Investing News
April 25, 2026
0

Let’s get something straight right away: What happened at 69th Street and Eliot Avenue last weekend was serious—not a case...

Why Dhaka is watching Bengal elections closely

Why Dhaka is watching Bengal elections closely

by Index Investing News
April 21, 2026
0

On April 23 and 29, West Bengal will head to the hustings, to elect a new state assembly. This is...

The 4 Pillars I Used To Build Wealth (Not Luck, Not Hype)

The 4 Pillars I Used To Build Wealth (Not Luck, Not Hype)

by Index Investing News
April 18, 2026
0

A lot of us grow up believing that wealth is something reserved for other people. It can feel like something...

Next Post
VRTX with a best and raise. : stocks

VRTX with a best and raise. : stocks

Naples, Florida – Market Update for October '22

Naples, Florida - Market Update for October '22

RECOMMENDED

Russia-Ukraine battle: Zelenskiy says grain exports prepared to begin; Kyiv accuses Russia of ‘battle crime’ over PoW deaths – reside | Ukraine

Russia-Ukraine battle: Zelenskiy says grain exports prepared to begin; Kyiv accuses Russia of ‘battle crime’ over PoW deaths – reside | Ukraine

July 29, 2022
Warren Buffett likens A.I. to atomic bomb in that ‘we won’t be able to un-invent it’ 

Warren Buffett likens A.I. to atomic bomb in that ‘we won’t be able to un-invent it’ 

May 7, 2023
Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so By Cointelegraph

Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so By Cointelegraph

November 23, 2022
7 Issues Each Actual Property Agent Ought to Do As Summer time Kicks Off

7 Issues Each Actual Property Agent Ought to Do As Summer time Kicks Off

June 20, 2022
Google bonus delay offers lesson in windfall spending

Google bonus delay offers lesson in windfall spending

January 23, 2023
Just Listed | 17564 90th Street N

Just Listed | 17564 90th Street N

October 26, 2023
Romer Couple Disappearance: Submerged automotive, human stays present in Georgia pond might remedy 1980 New York couple disappearance

Romer Couple Disappearance: Submerged automotive, human stays present in Georgia pond might remedy 1980 New York couple disappearance

November 26, 2024
US Firms With High Foreign Revenues More Challenged Than Domestic Peers

US Firms With High Foreign Revenues More Challenged Than Domestic Peers

September 6, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In