Energy Voice

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Energy industry would be ‘seriously affected’ by Scots independence, warns Davey

The UK Energy Secretary has warned that the ai???uncertainty and disruptionai??? of Scottish independence would seriously affect progress in the economy and energy sector.

Ed Davey sounded the warning while in Edinburgh to launch the UK Governmentai??i??s latest Scotland Analysis paper, which focuses on energy issues.

The paper looks in detail at how the United Kingdom can maximise energy investment to support thousands of jobs and keep bills as low as possible.
April 9, 2014
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Researchers cast doubt over Scots oil fund prospects

Academics have cast doubt on whether an independent Scotland could build up an oil fund to manage fluctuating offshore tax revenue.

The National Institute of Economic and Social Research (NIESR) took the view after looking at the likely share of debt and estimated income facing Scotland following a Yes vote.

The Scottish Government wants to set up an energy fund to ai???safeguardai??? the benefits of oil and gas production as an early priority.
April 9, 2014
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Yes vote “would put industry at risk” claims Amec boss

April 7, 2014
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Independence would create ‘uncertainties’ for business, warns oil firm’s report

A report for a Scots engineering group has warned that leaving the UK would create ai???a number of costs and uncertaintiesai??? for business with ai???fewer, more uncertain benefitsai???.

The study, commissioned by the Weir Group, says the countryai??i??s economy ai???could succeedai??? if there is a Yes vote in Septemberai??i??s independence referendum.

But it goes on to warn: ai???The end of the Union would create a number of costs and uncertainties, and fewer, more uncertain benefits, for those businesses so vital to Scotlandai??i??s future prosperity, as it goes its own way.ai???
April 3, 2014
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Small Scottish firms better off within UK, Darling warns

Remaining part of the UK gives Scottish companies ai???more opportunities to thriveai??? and create jobs, Alistair Darling has said.

The leader of the pro-union Better Together campaign said there is ai???security, strength and stabilityai??? for small businesses within the UK.

Speaking ahead of a visit to White House Products, an engineering firm in Inverclyde, Darling said independence would create ai???barriersai??? between Scottish businesses and customers in the rest of the UK.
April 1, 2014
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Clegg: Tories played no part in oil industry incentives

Nick Clegg sparked a major new coalition row last night after claiming the Tories had played no role in delivering tax cuts on whisky, petrol and diesel and North Sea oil and gas.

The deputy prime minister suggested that the landmark Wood Review ai??i?? which is expected to help trigger billions of pounds of new investment in the offshore sector ai??i?? would not have happened if the Conservatives were governing by themselves.

The Liberal Democrat leader made the same claim about the multimillion-pound investment in carbon capture and storage (CCS) at Peterhead, the 5p-a-litre fuel discount on the islands, and the freezing of whisky duty in this monthai??i??s Budget.
March 28, 2014
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Oil revenue figures to be updated, says Swinney

The Finance Secretary has promised to update figures on oil revenues after claims they were ai???inflatedai??? to support the economic case for independence.

John Swinney said new figures will be published in the coming weeks.

He made the commitment during a Conservative-led debate on the Scottish Governmentai??i??s financial projections for the country after a Yes vote in the referendum.
March 26, 2014
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‘Inflated’ Scots oil revenues face further scrutiny

The Scottish Government is facing renewed calls to update ai???inflatedai??? figures on oil production.

Tories will attempt to press the SNP into downgrading expected income to put it in line with more cautious estimates.

The party points to Scottish Government figures which put oil revenue as high as A?7.9 billion in 2016, which could be the first year of independence. It compares with an estimate of about A?3.2 billion from the Office for Budget Responsibility (OBR), set up by the UK Government.
March 26, 2014
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March 6, 2014
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