Investors will not touch Britain if Rosebank is not approved, Norwegian energy giant warns
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Investors will not touch Britain if Rosebank is not approved, Norwegian energy giant warns.
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Britain risks being viewed as un-investable if it refuses to approve a controversial oil field, the head of a Norwegian energy giant has warned.
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Anders Opedal, CEO of Norwegian oil firm, Equinor, said a refusal on the North Atlantic's Rosebank would be a "major setback" and against the interests of Britain's energy security.Rosebank is Britain's largest untapped oil field.
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But work there, and also at Jackdaw, a giant North Sea gas field, has been halted after legal challenges on climate grounds.The decision as to whether work can resume now rests with the Government.
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TRENDING Stories Videos Your Say Industry leaders say the fields are crucial for the economy and energy security.But climate campaigners say the environmental cost is too high.
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