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Scottish independence: Oil industry ‘unfazed’ by referendum result

5/06/2014 by


The Aberdeen and Grampian Chambers of Commerce study said uncertainty caused by the referendum had impacted on the investment plans of many firms.

But more firms said independence would be positive rather than negative.

And the report said the Wood Review had the “potential to rival independence itself in importance” for the sector.

The annual AGCC study was carried out in collaboration with the University of Strathclyde’s Fraser of Allander Institute.

It found that 45% of the 700 firms which were surveyed said the referendum was impacting on their plans and investment proposals – an increase from 38% last spring.

However, 18% said they believed independence would be positive for the sector, while 12% said it would be negative and 38% said they did not believe it would make any real difference.

The remaining one in three firms felt it was difficult to take a clear view at this stage, with one respondent explaining that: “With no side giving any clear answers as to how they will help the UK Continental Shelf it is difficult to see how Scotland would benefit either way.”

Firms with fewer than 200 employees were most likely to say a vote in favour of independence in the referendum, which will be held on 18 September, would be a positive development for the sector.

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