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Features

Features

Scottish Independence: Opinion – Our future oil and gas reserves

For many, the goal of independence itself overrides any fears of economic consequences. But faced with a vote that will have a huge impact on future generations, I believe that is a luxury we cannot afford. The key question has to be whether or not we will be better off or poorer as a separate country.

Features

Scotland Independence seen risking $23billion of power projects

A vote for independence in Scotland may halt work on renewable power projects that support £14billion ($23billion) of investment and 12,000 jobs by raising questions about how developers would get subsidies, an energy supplier said. Green Energy Plc, which sells electricity to almost 20,000 customers in the UK, said breaking up the union between England and Scotland in a referendum on Sept. 18 would force the two countries to negotiate how to divide payment for electricity.

Features

Opinion: Unconventional hydrocarbons in the North Sea?

The Scottish Sun had a double-page spread entitled “£600bn – that’s a fracking fortune”. This is based on a report by a pressure group called N-56 which claims that 21-42 billion barrels of oil equivalent could be extracted from unconventional hydrocarbon deposits in the North sea using fracking technology. The claimed tax take is £3-600 billion. It is an attractive idea – enough for one Sun journalist to switch his vote from No to Yes. Sadly, it is largely nonsense.

Europe

Fall in North Sea tax receipts

The Scottish independence campaign has received “a body blow” with new figures showing tax receipts from North Sea oil and gas have dropped by almost a fifth, Treasury Secretary Danny Alexander said.