Britain Finally Creates an Oil Wealth Fund—50 Years Too Late

The Quick Take
The United Kingdom has finally established an oil-backed investment fund, decades after neighboring Norway began transforming its North Sea petroleum revenues into one of the world's largest sovereign wealth funds. The British government's new £2 billion Energy Wealth Fund, announced Wednesday alongside approval of the Jackdaw gas field, will channel North Sea oil and gas tax revenues into renewab
Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to OilPrice.com.


