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Declassified papers show UK interest in Falkland Islands oil
The Guardian
|June 14, 2022
British ministers were keen to exploit oil around the Falkland Islands before and after the 1982 conflict, declassified government documents show.
In a previously unpublished letter, the former chancellor Norman Lamont said the revenues from Falklands oil should go to the British government, not the Falkland islanders.
"I have no doubt that in the event of a major oil find, tax revenues should accrue to the UK exchequer. That seems to me only equitable given the very substantial financial as well as other sacrifices that the UK has made... to secure the freedom of the Falkland Islands," Lamont wrote to the foreign secretary, Douglas Hurd, on 21 October 1991.
He added: "We would not want to give credence to the accusation that our Falkland Islands operation was motivated by a belief that there was oil to be found in Falklands waters, which would be quite untrue."
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