Talks of an independent Scotland have been going on since 2011 but the unceremonious energy policies of the United Kingdom made these demands more avid. Scotland has long argued that the U.K. governments tend to spend the energy revenues by funding the exchequer rather than reinvesting them, which has resulted in lost opportunities for Scotland. The country argues that it accounts for an estimated 78 percent of total U.K. hydrocarbon production and hence, it should be allowed to have a say in the disbursement of hydrocarbon revenues.
Significance of Scotland oil and gas sector
Oil and Gas sector is extremely significant to the Scottish economy, contributing about GBP 25.1 billion to the Scotland GDP in 2011,...
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