How the UK’s looming energy crisis will overwhelm its next Prime Minister

Photo of Trey Thoelcke
By Trey Thoelcke Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
How the UK’s looming energy crisis will overwhelm its next Prime Minister

© xavierarnau / E+ via Getty Images

In today’s edition:
— Britain’s new Prime Minister will soon face the country’s worst energy crisis in a generation.
— Silicon Valley is starting to bet on underground renewable energy.
— Climate change isn’t all bad. Just ask French winemakers.
— So, what will the new U.S. ambassador to the Arctic actually do?

Britain will have a new Prime Minister next week after a six-week leadership race in its ruling Tory party that has all but ignored climate policy, even as the biggest energy shortage in decades is taking shape for this winter.

By most accounts, Liz Truss will be named Conservative Party leader and assume the role of Prime Minister. Truss served several roles in Boris Johnson’s previous government, including environmental minister. But it’s her pro-fracking, anti-solar reputation that is attracting headlines, as campaign promises for tax cuts head toward a painful realization once she becomes PM that government handouts on soaring energy costs are not only going to be necessary, but vital.

As average energy costs are expected to soar 80% in coming months, energy traders are increasingly demanding that regulators and grid operators present emergency plans for the potential day when cross-border energy trading collapses…

Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618