Time to deliver a workable Brexit deal, energy chiefs say

OGUK CEO Deirdre Michie
OGUK CEO Deirdre Michie

Energy sector chiefs have urged all parties and governments to deliver a workable Brexit agreement as deliberations entered “unchartered territory”.

Exiting the European Union without a deal would put pressure on UK energy supply and jobs, they warned yesterday.

Prime Minister Theresa May survived a no confidence vote yesterday after MPs rejected her deal with Brussels.

MPs have said “major” amendments would be needed to win over win Parliament.

Paul de Leeuw, director of Robert Gordon University’s Oil and Gas Institute, said companies would be “looking very carefully” at the implications for their businesses.

Mr de Leeuw said: “Given the challenges the industry has faced in recent years, a stable and transparent business environment is key for continued investment in the UK oil and gas sector.

“As such, continued co-operation and engagement with EU/international partners on business, energy policy, regulation and trade arrangements will be of critical importance to safeguard the sector’s future interests.

“Any Brexit outcome which doesn’t deliver this will risk creating additional uncertainty and complexity for the sector.”

Oil and Gas UK chief executive Deirdre Michie said: “A deal outcome is in the best interests of this industry, which is critical for security of energy supply and supports hundreds of thousands of skilled jobs right across the UK.

“We will continue to work with all parties and governments to inform the debate and encourage a constructive and timely approach to securing a deal which achieves the priorities identified by industry and can command the necessary parliamentary support.”

Emma Pinchbeck, deputy chief executive director at RenewableUK, said: “Leaving the EU with no deal would jeopardise investment and jobs in the UK’s cutting-edge renewable energy industries.”

Breaking

    Cancel