For the first time, the Treasury calculates how much the UK could have raised by investing North Sea proceeds.
- The UK has established an Energy Wealth Fund with £2bn, inspired by Norway's successful sovereign wealth fund built from North Sea oil revenues.
- Treasury calculations suggest that if the UK had invested North Sea oil proceeds since the 1980s, a fund worth approximately £1 trillion could have been built.
- The article highlights this as a 'missed opportunity' and contrasts the UK's new domestic green energy investment focus with Norway's international, diversified approach.
Topics: Asset types, Jurisdictions, Scalability, Real assets, Emerging hubs, Growth metrics
Tags: #northseaoil #sovereignwealthfund #energywealthfund #norway #trillionpounds #treasury #nationaldebt #investment #futuregenerations #greenenergy
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