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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Britain could get shale gas ‘wealth fund’

Posted on 17 January 2013

Britain could create its own “sovereign wealth fund” like oil-rich Gulf states to protect future windfalls from shale gas for the taxpayer, a minister suggested last night. John Hayes, an energy minister, said the Government has not ruled out setting up a fund to allow future generations to benefit from the expected boom in shale gas.
He said shale gas could have a “profound economic effect” on the UK, when money is raised from the sale of licences to drill shale gas and extra tax income………………………………………..Full Article: Source


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