Brexit may increase capital costs for UK energy sector
Stuart Rose, head of the ‘Remain’ campaign. The UK’s referendum takes place on 23 June. (PA)
Attracting foreign investment to the UK energy sector could prove harder and more expensive if the UK votes to leave the EU in the 23 June referendum, supporters of the ‘remain’ camp say.
Jonathan Gaventa, a director at energy and climate organisation E3G’s London office, told a press briefing in Brussels on Friday the currency risk associated with a so-called Brexit could shatter investor confidence in UK energy infrastructure and increase the cost of capital for such projects.