SNP urges Labour to keep Scottish oil money out of England's nuclear projects

The Scottish National Party is pressing the Labour-led UK government to ensure that income from Scotland’s oil and gas industry is not allocated to nuclear power projects in England. Keith Brown, the SNP’s depute leader, argued that all proceeds should be invested in Scotland’s renewable energy future, especially after the recent approval of the Jackdaw gas field near Aberdeen. The request coincides with the launch of a new energy wealth fund, seeded with a £2 billion down-payment intended to reinvest fossil-fuel revenues into the climate transition.

Labour Chancellor John Healey noted that, over the past 40 years, the UK could have amassed a sovereign wealth fund of about £1 trillion from North Sea earnings. Brown cited historical misuse of Scottish resources and framed the issue as a test of whether the government will honor Scotland’s claim to its own energy wealth, linking it to the broader independence debate.