UK Government slammed for losing out on £500bn North Sea wealth fund
If a North Sea wealth fund had been set up in the 1980s, it would be worth over half a trillion pounds today, the IPPR estimates
THE UK GOVERNMENT missed its chance to establish a wealth fund based around North Sea oil which would today be worth over £500bn, according to the Institute for Public Policy Research (IPPR).
Alex Salmond calls for North Sea oil to benefit "the people"
Former first minister criticises UK Government’s handling of the North Sea sector, but is rebuked by Scottish environmentalists
FORMER FIRST MINISTER ALEX SALMOND has called for North Sea oil and gas to benefit “the workers, the communities and the people” over the next several decades.
SNP underwhelmed by UK Government's North Sea investment
SNP energy spokesperson calls £5m investment in oil and gas exploration “a very small step”
THE UK GOVERNMENT’S recently announced £5m investment in North Sea oil and gas exploration fails to address industry concerns, SNP Westminster energy spokesperson Drew Hendry has said.
Offshore windfarm projected to bring 2000 jobs to Scotland
A study from the Fraser of Allander Institute indicates a new windfarm off the coast of Fife could boost employment, but the project faces legal challenge from RSPB
A NEW STUDY from the Fraser of Allander Institute has reported that the proposed Neart na Gaoithe (NnG) offshore windfarm project could support 2,000 jobs for every year of its estimated four-year construction, as well an average of 236 further jobs annually throughout the project’s lifespan.
SNP demands further action to revitalise the North Sea sector
Tories aren’t fulfilling promises made to the oil and gas industries, say SNP
THE SNP HAS MADE A SERIES OF DEMANDS to the UK Treasury, calling for further action to secure and support the North Sea oil and gas sector and expressing its dissatisfaction with measures announced in the autumn budget.
Norway's oil fund reaches $1 trillion as value of North Sea oil rises
Norway’s oil-fuelled sovereign wealth fund has reached its highest ever value as Nicola Sturgeon calls signs of improvement in the North Sea oil and gas sector “encouraging”
NORWAY’S sovereign wealth fund, currently the largest in the world and backed by the nation’s oil reserves, have exceeded $1 trillion in value for the first time.