23 October, 2026, 10:10 pm
Last modified: 23 October, 2026, 10:12 pm
Could Britain have built a £1 trillion fortune from North Sea oil and gas? Internal Treasury modelling suggests the UK could have accumulated a trillion-pound fund by investing its historical energy revenues instead of spending them.
This video examines the UK's missed North Sea oil opportunity, Norway's $2.4 trillion sovereign wealth fund, Britain's £3 trillion national debt, and the newly announced £2 billion Energy Wealth Fund. We also explore why the UK's domestic green energy strategy differs from Norway's global investment model.
With North Sea production slowing and energy tax revenues expected to decline, can Britain turn its remaining energy wealth into lasting economic benefits for future generations?