21st Jan 2016 14:46
LONDON (Alliance News) - BP PLC Chief Executive Bob Dudley has said investment in the UK energy sector could suffer if Britain decides to leave the European Union, the BBC reported Wednesday.
In an interview with the BBC, Dudley said that being outside the EU would be "worse" as many of the rules would still apply and Britain would be in danger of losing influence on the world stage. He also said that the EU also needed Britain, which is the fifth largest economy in the world.
He also backed Prime Minister David Cameron, who is pushing to make the EU more competitive.
"I think many of the trade regulations would still apply even if Britain were outside of [the EU]," said Dudley. "And then it would be potentially worse being outside of it."
"I think also Britain's role in the world in terms of influence - it will have more influence being a part of Europe," he added. "There are lots of technical tax reasons, trade flows, regulation, that would make it better for our business and the energy business in general, the oil and gas business, [if Britain] were a part of Europe."
http://www.bbc.co.uk/news/business-35365701
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
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