Equinor has warned that the UK could become “uninvestable” to the company if new oil and gas developments at Rosebank and Jackdaw are not approved.
The energy firm said it may choose not to make further investments in the UK if permission is not granted for the two fields. Its warning links future investment decisions to the approval of the proposed projects.
Rosebank and Jackdaw are the developments identified in the warning. The supplied information does not specify when decisions on the fields are expected or what further action Equinor may take if they are not approved.
For now, Equinor’s position is that the outcome of the approval process could affect its willingness to invest further in the UK.
