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Step 1
Finely chop 1 small shallot (2 tablespoons to 1/4 cup). Trim and halve 1 pound Brussels sprouts, saving any leaves that fall off (about 4 cups).
Step 2
Heat 1 tablespoon of the canola oil over medium heat in a 10-inch skillet until shimmering. Add half of the Brussels sprouts and leaves and toss to coat in the oil. Arrange the Brussels sprouts in a single layer cut-side down. Cook undisturbed until the Brussels sprouts are crisp-tender and the bottoms are deeply browned, 5 to 8 minutes. Transfer to a plate and repeat with the remaining 1 tablespoon canola oil and Brussels sprouts. Transfer to the same plate.
Step 3
Add the shallots, 1/4 cup packed light brown sugar, 1/4 cup water, and 1 tablespoon fish sauce to the skillet. Cook, stirring occasionally, until thickened, 3 to 4 minutes. Return the Brussels to the pan and toss to coat.
Step 4
Remove the pan from the heat. Let cool for 5 minutes since the caramel is very hot before serving. Garnish with 2 teaspoons toasted white sesame seeds.