Fuel for Thought
David Cameron and Alex Salmond come to blows over oil
Oct 14 2011
During a visit to Aberdeen, the prime minister said that he wanted the city to continue to be the centre for global investment in the oil industry for decades to come, but the first minister claimed that the £2 billion industry tax hike had damaged to confidence of the industry in Scotland.
Both MPs welcomed the BP agreement for a £4.5 billion project off the coast of the Shetlands, however Mr Salmond used the opportunity to criticise the tax increases levelled at the oil industry recently.
"With up to 40 per cent of oil and gas reserves still to be extracted, and well over half of the revenues still to be generated, the UK government needs to give more certainty to the industry and restore confidence that has been badly dented by the Treasury's conduct this year," Mr Salmond said.
Digital Edition
PIN 25.1 Feb/March
March 2024
In This Edition Safety - The technology behind the ION Science Tiger XT - Safety with ammonia and LOHCs as hydrogen carriers Analytical Instrumentation - Discussion on new tribology te...
View all digital editions
Events
Apr 28 2024 Montreal, Quebec, Canada
Apr 30 2024 Birmingham, UK
May 03 2024 Seoul, South Korea
May 05 2024 Seville, Spain
May 06 2024 Riyadh, Saudi Arabia