Submitted on Friday 16th September 2011
Published on Monday 19th September 2011
Current status: Closed
Closed: Wednesday 19th September 2012
Signatures: 3
That the British Government should invest in the Falkland Island oil industry.
In 2010 a number of small British based oil exploration companies started exploring for oil in the waters off the Falkland Islands and there are now plans to produce oil from 2016.
We call on the UK government to support the islands by investing financially in the emerging oil industry.
The government has supported the banks when they failed, it is time that the government supports businesses that succeed.
The success means the government will make a return on its investment that will be essential in contributing to the British economy, supporting public services and getting on top of our financial deficit.
We therefore ask the government to take a position in providing financial support to Rockhopper Exploration and look to support the other publicly listed companies exploring for oil in British waters in the South Atlantic in ways that it sees fit.
Such an investment would make long term financially prudent sense.
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