Poor Grangemouth, big blow to the area. Leaving Scotland without a refinery forcing us to rely on English production an obvious defenestration to independence ambitions too. Really tragic to see under a Labour government, combined with port Talbot - just what is Starmer doing???
Not sure what you expect Starmer (or indeed Swinney) to do about losses like that.
That’s child’s play for oil cash over 13 years. It’s also less than half the story with opex not being divulged, and earnings is weasel words which isn’t EBITDA or revenue or actual accounting terms, which can hide a lot of misgivings. Show me the full accounts and I’ll be able to tell you more in other words. This is jim rattling his tax sabre still, and Holyrood can do fuck all really - it doesn’t set any business taxes. This lies wholly with Westminster, who can certainly give in to Jim. Or buy it off him and have GBEnergy have their first assets. Or sink it and ensure Scotland is dependent on it’s neighbour despite having the lions share of production