HC Deb 13 February 1978 vol 944 cc59-60W
39. Mr. Ioan Evans

asked the Chancellor of the Exchequer what consideration has been given to establishing an oil and gas fund separately to allocate revenues from offshore energy resources.

Mr. Joel Barnett

The possibility of setting up such a fund is one of the options which the Government have been considering in their current review of the possible uses of the benefits of North Sea oil and gas. They will give their view in the White Paper which they are shortly to publish.