In 1998, when Labour was in power, oil prices bottomed out at $12 a barrel. By 2008, the price had risen to nearly $100 a barrel. What did Labour do with that money? It is regrettable that it did not create an oil sovereign fund, as Norway did.
Oil and Gas Producers: Windfall Tax
Proceeding contribution from
Alan Brown
(Scottish National Party)
in the House of Commons on Tuesday, 1 February 2022.
It occurred during Opposition day on Oil and Gas Producers: Windfall Tax.
Type
Proceeding contribution
Reference
708 c206
Session
2021-22
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2022-02-02 19:46:51 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2022-02-01/22020153000016
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2022-02-01/22020153000016
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2022-02-01/22020153000016