THE head of the oil and gas industry's leading investment bank yesterday backed BP boss Bob Dudley about the threat that Scottish independence poses to the nation's economy. Colin Welsh , chief executive of Simmons & Company International , corporate finance specialists for the energy sector, said he shared the concerns of the BP chief executive about the impact of Scottish independence on the North Sea oil and gas industry. Mr Welsh said: "I wholeheartedly endorse what Bob Dudley said regarding the uncertainty that the question of independence brings to our industry and the threat that this poses to our economic future. This is too important for the business community to stay silent on." Mr Welsh said he believed that the pro-independence campaign's reliance on oil and gas and renewables in its economic strategy was flawed.A Scottish Government spokeswoman said: "These claims are mistaken - [our] economic policies for independence are based on much more than oil, gas and renewables."
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