UK’s Truss pledges support for North Sea oil and gas, rejects windfall taxes

New UK Prime Minister Liz Truss on Sept. 7 pledged to support new development in the North Sea and reiterated her tax-cutting ambitions, saying she aimed to foster long-term security of supply and did not support further windfall taxes on industry. In her first comments to parliament since taking office, Truss promised to present measures on Sept. 8 aimed at…