The boss of Ineos Energy has said it will prioritise expansion in the United States and Denmark rather than in Britain, while contrasting the UK’s uncertain fiscal regime with greater stability offered by policymakers overseas.
David Bucknall’s comments come days before a general election in which energy policy has been a key battleground.
“If we’re looking to expand the footprint of our business, the other two regions we operate, Denmark and the US, are much easier to invest in at the moment. And that’s where our focus is,” the Ineos Energy chief executive said.
Ineos Energy was established in 2020. It oversees the energy-related operations of Ineos, the petrochemicals group founded by Sir Jim Ratcliffe, the billionaire. Its activities are focused on offshore oil and
