Liz Truss is ready to trigger a North Sea oil mini-boom if she becomes Prime Minister in a bid to convince energy companies they need to do more on the cost of living crisis.
The Tory leadership frontrunner, who is expected to be confirmed as PM next Monday, is set to awarded as many as 130 new drilling licences for oil and gas in the North Sea, according to reports.
The exploration licences will allow energy giants to chase the remaining estimated 15 billion barrels of gas and oil under the seas around the UK coast and would guarantee the 26,000 jobs in the sector based around Aberdeen.
