Healey Says Britain Missed Chance to Build £1tn North Sea Wealth Fund
The fund will start with £2bn from the National Wealth Fund as Treasury modelling says invested North Sea receipts could have reached £1tn.
7 Articles
7 Articles
SNP hit out as Chancellor admits North Sea wealth fund 'would be worth £1 trillion'
UK politicians “tried to pull the wool over the eyes of the Scottish people”, the SNP have said, after the Chancellor admitted that a North Sea sovereign wealth fund would today be worth around £1 trillion.
UK Channels Oil & Gas Revenues into New £2 Billion Clean Energy Wealth Fund
The UK government announced the establishment of a new Energy Wealth Fund, focused on investing in renewable and low carbon energy projects, and funded from tax revenues from North Sea oil and gas. The new fund is being launched with an initial £2 billion, with future revenues from the North Sea oil and gas to […]
For the first time, the Treasury calculates how much the United Kingdom could have raised by investing the proceeds of the North Sea.
London is creating a £2 billion Energy Wealth Fund, housed in the National Wealth Fund.
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