I am on the Energy and Climate Change (ECC) Select Committee and we are currently looking into the ‘Impact of potential Scottish independence on energy and climate change’. Today we discussed the topic of the value of future oil and gas revenues, whether these could accrue to the Scottish government if Scotland became independent, and the workability of creating an ‘oil fund’ or ‘sovereign wealth fund’:

• The implications of potential Scottish independence for energy security and cross-border markets
• The likely impact of independence on energy prices north and south of the border
• The implications of independence for a separate Scotland, and for the remainder of the UK, in achieving climate change objectives, including the legally binding target of 15% of energy from renewable sources by 2020

Please feel free to watch below:

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