Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Scottish independence: Energy experts outline reasons for Yes

Post Thumbnail

There are many reasons why it is a categorical imperative for Scots to vote yes on 18 September.

In short, there are overwhelmingly positive advantages to the economy of Scotland that stem from us having control of our nation’s natural energy resources.

We must avoid past mistakes:

Misuse of oil revenue

Direct tax from oil and gas production over the past 40 years has handed the UK Exchequer £300 billion. This largess has either been invested in London or the South East of England, or poured into the Uk’s national debt black hole. It has not been invested in Scotland.

Misuse of renewable energy potential

Scotland has incredible facilities for producing wind power from on-land and offshore locations in Scottish waters. In addition, our power generation potential from wave, tidal and hydro power matches that of any country in the EU. The UK government have failed lamentably to adequately support investment in these resources.

We must grab the opportunity to be self-sufficient in energy terms and to protect the livelihood of future generation of Scots:

Future tax revenue from conventional reserves

Tax from remaining conventional oil and gas reserves will produce another £300 billion. This calculation is based on the majority view of experts that the remaining reserves are 24 billion barrels of oil equivalent, or more, and that that oil prices will remain high or increase by 2050.

Future tax revenue from unconventional reserves

Tax from unconventional energy sources in the North Sea may well double this revenue over the longer term which means a tax windfall of £600 billion to Scotland. There is every chance the Kimmeridge Clay deposits will provide oil and gas production for the next 100 years. Our grandchildren’s future will be protected if this tax is available for investment by the Scottish Government. Of course the effect on the economy of Scotland is much higher than mere direct taxation of oil companies. Our 2000 plus supply chain companies will prosper and jobs will be secured.

Future revenue from renewables

Like oil and gas, Scotland currently generates more electricity that it consumes. This will continue in the future if control of renewable energy sources is in our own hands. We will be happy to help meet England’s power deficit. We can help England avoid blackouts. Or avoid England being forced to pay high prices from electricity from France, for example.
Future contribution to climate change targets

Unlike England, we will meet the climate change and carbon emission target sets for 2020 by the EU. The EU will welcome our continued membership as we will be its largest producer of oil and gas and renewable energy. England looks like it faces the real prospect of losing EU membership as a consequence of being forced to hold a referendum after the next general election, unless the UK coalition government reneges once again on its promises.

Recommended for you

More from Energy Voice

Latest Posts