Britain creates Energy Wealth Fund: Treasury calculates the 'missed' oil fund could have been worth a trillion pounds
Chancellor John Healey announced the creation of the Energy Wealth Fund with initial capital of £2 billion, allocated from the National Wealth Fund. According to internal Treasury calculations, if British North Sea revenues (about £200 billion) had been invested since the 1980s on the Norwegian model, the fund could be worth around a trillion pounds.
Sevara Azamova