Industrial Development and Eco-Tourisms by Mark C. J. Stoddart & Alice Mattoni & John McLevey

Author:Mark C. J. Stoddart & Alice Mattoni & John McLevey
Language: eng
Format: epub
ISBN: 9783030559441
Publisher: Springer International Publishing

Moderately Engaged Horizontal Governance

In Scotland, government collaboration with the oil sector involves key players including the Scottish Government, Scottish Enterprise, the Oil & Gas Authority UK, and UK Government. Oil & Gas UK, the industry association body, also appears as a key player. Government-oil collaboration focuses on policy/fiscal regimes, risk mitigation, and supporting research and development. Whereas the Nordic cases have a greater emphasis on leveraging oil wealth for social development, the Scottish case orients around market-driven logics. When asked about oil sector relationships with government, an oil sector says:The relationship has largely been focused on taxation, in my humble opinion, historically. And that’s still important, of course. And there’s been quite a lot of tax changes. In fact, the last three or four years [there has been] a new tax regime, because of the falling oil price the government changes its approaches. And of course, the tax regime is global — lots of different countries offering their own tax regime. People that know better than me tell me that the UK is now one of the most fiscally attractive places for oil and gas. So that’s good from an investment perspective. (SCO_OIL_19)

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