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FBaggins

(28,670 posts)
Sat Sep 20, 2014, 06:25 AM Sep 2014

Scottish 'no' vote: what next for the energy sector?

North Sea oil and renewable energy were key battlegrounds in the referendum. We round up reaction and examine the implications of the 'no' vote.

http://www.telegraph.co.uk/finance/newsbysector/energy/11108541/Scottish-no-vote-what-next-for-the-energy-sector.html


A number of wind farm projects have been on hold in Scotland pending the outcome of the referendum - and billions of pounds more would have been thrown into doubt in the event of a "yes" vote.


From North Sea oil giants to wind farm developers, companies across the energy sector have expressed their relief at the “no” vote.

Nuclear energy, oil, coal, gas and electricity are all currently matters reserved to the United Kingdom. Independence would have heralded a major period of uncertainty as policies underpinning entire industries faced being redrawn.

The "no" campaign warned that an independent Scotland would be saddled with costs and liabilities that are currently shared across the entire UK market, damaging Scottish industry and consumers alike.

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