oil

Fuel Duty looks set to be a key issue for the Glasgow East by-election as Gordon Brown wobbles in the first days of the campaign. The SNP wants a fair deal for Glasgow East and is calling on the UK Government to scrap the fuel tax rise and to return Scotland’s share of the current fuel tax windfall, equivalent to £40 a week for every household in Glasgow East.

SNP MSP Kenneth Gibson has today called on Wendy Alexander to outline her position on Scotland’s current oil crisis and the importance of establishing an oil fund to put aside a portion of current oil revenue for investment in Scotland’s future.

First Minister Alex Salmond today stepped up his call for extra cash generated by rising oil prices to be used for Scotland's benefit.

The North Sea has almost as much oil left as has already been extracted, a BBC Scotland investigation confirms.

Central Fife MSP Tricia Marwick has today hit out at the UK Government's proposals, which would see ship-to-ship oil transfer continue in the Firth of Forth.

Cabinet Secretary for Finance and Sustainable Growth, John Swinney, has commented on Alistair Darling's astonishing remarks on BBC Scotland's Politics Show that he didn't believe the Treasury would gain an extra £4-5 billion as a consequence of higher oil prices.

First Minister Alex Salmond announced that he is writing to the Prime Minister Gordon Brown, urging agreement between the two administrations for the creation of a Scottish oil fund.

Chancellor Alistair Darling has undermined decades-old arguments over North Sea oil, according to the SNP.

SNP Westminster Treasury spokesperson, Stewart Hosie MP, has issued a direct challenge to Gordon Brown and Alistair Darling over what they are going to do with the extra 4 billion windfall in North Sea revenue the Treasury are pocketing due to soaring oil prices.

New figures show the UK Treasury will take in an additional £4 billion in revenues this year due to rising oil and gas prices.