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GOOD NEWS FOR SCOTTISH ECONOMY AS EU REJECTS OIL AND GAS PRODUCTION BAN

[ 13-09-2011 ]

The European Parliament’s resounding rejection of a moratorium on oil and gas drilling in EU waters has been welcomed by the Scottish Chambers of Commerce.  Commenting, Scottish Chambers of Commerce Chief Executive, Liz Cameron, said: 

 
“ Oil and Gas production is crucial to the Scottish and UK economy – literally keeping the wheels of our industries turning.  As an organisation comprising a business network stretching across Scotland, and into all business sectors, Scottish Chambers of Commerce are delighted that the European Parliament has recognised that this threatened moratorium  would have been overkill.  The UK has a strong safety record and a rigorous regulation regime.
 
“Legislative proposals on this issue are due to be brought before the European Parliament later this autumn.  We look forward to these being proportionate and economically realistic, as the MEPs’ vote today clearly indicates they also favour.”

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