North Sea Oil
‘What planet are these people on?’: Green MSP slams forecasts for north sea oil extraction until 2050
Wightman comments in contradiction to SNP, which welcomed the new report
SCOTTISH GREENS MSP Andy Wightman has criticised a new report forecasting increased oil & gas extraction from the north sea up until 2050, after the UN’s International Panel on Climate Change report just two weeks ago argued that the world economy needed to be carbon neutral by at least the mid-century to prevent catastrophic and irreversible climate change.
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).