A year after the Brexit vote, it is becoming increasingly clear that the UK’s energy companies are facing a difficult choice.
Will they continue to invest in the UK and create jobs or let them go?
A recent report from the British energy firm Dominion Energy, for instance, has estimated that, in the short term, the company could lose as much as 30% of its value if it continues to support the Brexit process.
In the long term, though, the outlook for the energy sector is much brighter.
Dominion’s chief executive, Ian Black, told CNBC that the company is “highly confident” that the Brexit will bring significant economic benefits for the UK.
“The UK economy has been transformed and we’re very confident in that,” he said.
“We are very confident that the Government will make the right decisions and we see a lot of optimism about that.”
The report has highlighted a number of opportunities that could be created for British energy firms and investors to benefit from the Brexit.
Among them is the potential for greater international trade and investment.
A new wave of companies and investment in the energy space has also seen new investors enter the sector, bringing in more and more jobs for those who do not already have them.
In May, the world’s largest energy company, EnBW, said it had invested nearly $1 billion in British energy and other businesses, which has helped boost the UK economy.
Another British company, EDF, has also invested in UK energy companies and has plans to double its workforce.
Dominion is also expanding its investments in the sector.
The company said in its May report that it is investing more than $600 million to build a new research and development facility in Bournemouth and to create 1,000 jobs.
Dominion has also announced plans to expand its presence in the British Virgin Islands, which are part of the U.K. and EU.
It said in the same report that in the next 12 months, the group plans to invest more than a billion pounds in British infrastructure projects, including roads and rail connections.
As for jobs, Dominion estimates that the investment in British industry will generate 1,400 jobs in the country in the coming years.
For the time being, though — as long as there is no change in the EU, or no new trade deals — the outlook is optimistic.
“I think we are seeing a lot more opportunities for the U .
K.,” Black said.
In terms of what kind of jobs might be created, Black pointed out that, for now, there is little that will allow a company to say that it has done everything it can to get its business back in the U and in Europe.
“It’s really hard to say exactly what will happen in the years to come,” he told CNBC.
“There is still a lot to do.”