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

Independent Scotland would create oil and gas wealth fund

Posted on 27 November 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 ($2.4 trillion), the Sottish government said in an independence blueprint on Tuesday.
Scotland will vote on Sept. 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………………………………………..Full Article: Source


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