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13 December 2006


Alex Duffy

This article will provide the precedents for the deliniation of the sea around an independent Scotland. http://www.ejil.org/journal/Vol12/No1/120077.pdf

As for the financing of the R&D of the North Sea fields that was a risk bourne by the companies and not by the UK government.

Colin Campbell

I think the question was answered by the previous post. It appears that Scotland gets back approximately the value of additional North Sea Oil Revenues in additional revenue. I think that this argument is more emotional than realistic. The time to do this was 20 years ago, when there really was a revenue stream to build the required investment in the future, rather like the Republic of Ireland with all the EEC development money and overseas investment. The bird has flown now.

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