One oil executive says the U.S. president’s comments may be ‘provocative,’ but the UK’s current policies are crippling jobs, investment, and energy security.
According to a survey, almost half of firms say staff are already leaving to find work overseas, triggered by a lack of viable energy projects in the UK.
A major investment is needed to refit fossil fuel-era grids for renewables and surging electrification. Analysts warn that the cost will fall on consumers.