I join other members in thanking Richard Baker for giving us the opportunity to debate a subject that is important, not least to Aberdeen and the north-east of Scotland. I have listened with interest to and noted the views that have been expressed.
As most members have said, the energy industry has long been a mainstay of the north-east's economy. The oil and gas industry in Scotland has been and continues to be hugely successful and the knowledge base in Aberdeen extends beyond offshore exploration and production in the North sea. The industry provides expertise worldwide in exploration, decommissioning offshore resources, health and safety and project management. Companies in the north-east are succeeding in selling their expertise in oil and gas to other parts of the world. The north-east has also experienced significant investment in renewable energy, as Richard Baker and others said.
The north-east has a proven track record in research. ITI Energy, which is based in Aberdeen, is an excellent example of a relatively new organisation that has made a significant impact on the energy scene. The seven projects that it has commissioned have a potential investment of more than £30 million and show ITI Energy's ability to bring world-class teams together to create globally competitive technologies.
ITI Energy has engaged widely with the business, academic and financial communities to ensure a focus on developing energy-related technologies with commercialisation opportunities and with the potential to deliver significant economic benefit for Scotland.