Former PM to argue fall in global oil prices could mean that oilfields that could prosper in future could be left abandoned, in speech to be made in Glasgow
The Scottish oil industry is at a tipping point and needs urgent state support or else fields that could be drilled in the future will be deemed uneconomic and abandoned prematurely, says Gordon Brown.
In a major speech in Glasgow, to be given on Monday, one of his last before stepping down from parliament after 33 years, Brown will say the fall in worldwide oil prices requires the industry to given a rescue plan, or else severe structural damage be inflicted that weakens the entire Scottish economy.