UK Prime Minister Liz Truss ends national ban on fracking amid energy crisis

UK Prime Minister Liz Truss ends national ban on fracking amid energy crisis

U.K. Prime Minister Liz Truss ended England's ban on fracking Thursday, opening the door to domestic shale gas production amid a European energy crisis.

The return of fracking is just one piece of a larger energy and economy plan Truss is pursuing in her first weeks since gaining office. Her administration also announced a national freeze on household energy prices, a plan that will cost the government tens of billions.

Under Truss' plan, household energy costs will be limited to $2,900 per year after ballooning to $4,100 in 2022.

The U.K. and other European countries have 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 its invasion of Ukraine.

The U.K. originally banned fracking in 2019 but could restart domestic production as early as March 2023.

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