Ron Burgundy Posted November 26, 2013 Share Posted November 26, 2013 An independent Scottish government would create a sovereign wealth fund using revenue from exploiting oil and gas reserves worth around 1.5 trillion pounds, the Scottish government said in an independence blueprint on Tuesday. Scotland will vote on September 18, 2014 on whether to split from England after 306 years to create an independent nation. "This government will make the creation of a Scottish Energy Fund an early priority," the devolved government, which favours independence, said in its report, adding that it would also put in place a more stable tax regime for oil and gas exploration. Britain has long opposed the creation of a sovereign wealth fund using oil and gas money, making it one of the only oil-producing nations not to channel energy revenue into a separate fund. View the full article Quote Link to comment Share on other sites More sharing options...
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