no, i generated the earnings in the fund and in the uk and that s where i paid my full tax all the time. so why did you have these vehicles that were registered from the cayman island and jersey? because what i said which i mentioned earlier is that the clients of large endowments worldwide, that s where they want to be. let s take a bigger picture it look and how you run the fund. the fund has massive stakes in oil and gas companies around the world. i think still to the tune of some 27 billion dollars. now post glascow, cop 26 and the urgent need to de carbonised the world economy, are you sending a message that you will divest from oil and gas? no, we are not. nd i ll tell you why. in 2019 the oil fund
will inevitably be on the negotiations between the big countries, the big governments at all levels have a responsibility and scotland is determined to play our full part. of course, our ability to do that depends on our own climate credibility. scotland cannot urge other countries to set and meet ambitious targets if we fail to do that ourselves. we must lead not by the strength of our rhetoric but by the strength of our rhetoric but by the power of our example. and so thatis the power of our example. and so that is the final issue i want to focus on today. in most comparisons of international climate targets, scotland does rank very well indeed. the uk committee on climate change confirmed just last year that we have the carbonised more quickly than any g20 nation de carbonised. we have halved our mission since 1990. we are committed to a 75% reduction by 2030 which means halving them again over the