Britain | Slippery

Scottish nationalism’s oil dilemma

Once the black stuff fuelled separatism. These days it is a political headache

Thatcher, Thatcher, oil snatcher

FOR FIFTY years the Scottish National Party (SNP) ran on oil. The discovery of deposits beneath the North Sea in 1969 transformed Britain’s public finances, and ignited the separatist movement. Before the independence referendum of 2014, Alex Salmond, the party’s leader, told Scots that Westminster had frittered away their riches, pointing to Norway’s sovereign wealth fund as an example to follow. Even after defeat, Nicola Sturgeon, his successor, charmed oil executives, stressing their shared ambition to suck the seabed dry.

This article appeared in the Britain section of the print edition under the headline “Slippery”

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