Sturgeon Seeks to Broaden Scottish Economy as Oil Price Plunges
- Oil `is not the be all and end all,' SNP leader says
- Scottish government discussing bond sale under new powers
Scottish First Minister Opens LSE, Promotes Industry
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Scotland is seeking to accelerate the economy’s diversification away from oil and gas as the plunging price of crude undermines the industry’s viability, First Minister Nicola Sturgeon said.
While making efforts to support jobs at risk in the North Sea, the Scottish government is stepping up investment in industries including life sciences, digital technology and renewable energy, Sturgeon, who heads the majority Scottish National Party administration, said in an interview with Bloomberg Television in London on Monday.