Time running out for UK energy supply security
Energy policy framework clarity is absolutely crucial to the future of investment in the UK energy sector, industry tells Minister for Energy
The UK must find new ways of encouraging investment in the energy sector if it is to guarantee security of supply in future years, Minister of State for Energy Charles Hendry said on Wednesday.
"We do have to persuade companies of the case for investing in Britain at a time when we're becoming increasingly dependent elsewhere on raw materials. We need some £200 billion of investment in the next 10 to 15 years and time is not on our side," says Hendry, speaking at a Confederation of British
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