UK politicians “tried to pull the wool over the eyes of the Scottish people”, the SNP have said, after the Chancellor admitted that a North Sea sovereign wealth fund would today be worth around £1 trillion.
On Wednesday, the Labour Government approved development of the Jackdaw gas field in the North Sea, and said that a new “Energy Wealth Fund” would be set up with an initial “£2 billion downpayment to reinvest oil and gas revenues into the climate transition”.
