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Investor warns on green energy
Neil Woodford, head of investment at Invesco Perpetual, one of the energy industry’s largest shareholders, has threatened to stand in the way of new investments in British renewables unless the UK government ups the amount of returns available to investors and provides greater certainty over the future of its policy. Invesco, which owns more than £4.5bn worth of shares in National Grid, Centrica, SSE, International Power, Drax and United Utilities, warned against green energy plans laid out by the coalition government in a letter to Ofgem.