:00:14. > :00:16.The North Sea needs a new tax and regulation regime,
:00:17. > :00:21.An independent commission set up by the Scottish Government is
:00:22. > :00:23.recommending "fundamental change" to encourage new investment
:00:24. > :00:40.The commission is working on the basis that around 24 billion barrels
:00:41. > :00:46.of North Sea oil remain to be extracted. They see that as a major
:00:47. > :00:49.opportunity, but they warned the UK continental shelf is not as
:00:50. > :00:54.attractive and investment as it once was. We are at a tipping point and
:00:55. > :00:59.there are parts of the tax regime which would be appropriate going
:01:00. > :01:04.forward with some changes. But there are other parts where every are
:01:05. > :01:08.going to target accessing the more difficult oil, more expensive oil,
:01:09. > :01:12.we will have to modify and upgrade the tax regime. The Scottish
:01:13. > :01:17.Government has welcomed the report and has promised a stable tax regime
:01:18. > :01:22.in Scotland becomes independent. If you invest several billion dollars,
:01:23. > :01:26.you want to know that you're not going to be hit with southern tax
:01:27. > :01:34.raises. The tax regime in the UK has been characterised by a series of
:01:35. > :01:41.unheralded tax hikes, most recently from Danny Alexander in 2011, prop
:01:42. > :01:44.forward without any consultation. -- brought forward. That was a
:01:45. > :01:49.disaster. Opponents of independents say the best way to ensure
:01:50. > :01:55.stability, and meaty decommissioning costs, is within a larger economy.
:01:56. > :01:59.The strength of the UK means you can get the tax breaks necessary to get
:02:00. > :02:01.the oil out and critically, the UK Government has already agreed to
:02:02. > :02:06.meet half the costs of decommissioning, a massive bill of
:02:07. > :02:10.about ?30 million. The strength of the UK I would argue makes it far
:02:11. > :02:17.more likely and more possible that we can get the oil that is still out
:02:18. > :02:18.there. The industry body described the report as constructive and
:02:19. > :02:21.intelligent. Police have named a canoeist
:02:22. > :02:24.who went missing after his boat 29-year-old Darren Gilpin
:02:25. > :02:27.from Edinburgh was in a boat with a companion in
:02:28. > :02:30.the Killin area when it capsized. His companion made it to
:02:31. > :02:33.the shore and raised the alarm. Officers are continuing to patrol
:02:34. > :02:36.the shoreline. Team Scotland's competitors have had
:02:37. > :02:39.the chance to try on their new Combining tartan with
:02:40. > :02:44.a caramel-coloured hue and a blue shirt, they're set to
:02:45. > :02:57.make a real statement. Walking in style, there will be no
:02:58. > :03:04.mistaking Team Scotland when they parade round Celtic Park at the
:03:05. > :03:08.opening ceremony. Designed by Jill Blackwood, the uniforms are designed
:03:09. > :03:13.to make an impact and give a contemporary twist on the
:03:14. > :03:18.traditional tartan. The kilt undershirt severally, it is
:03:19. > :03:26.certainly I opening, but together, it works together. The Chiswell. It
:03:27. > :03:35.is different, but it is there to make a statement. In previous Games,
:03:36. > :03:44.the girls were the man's outfit. So, this time, we are actually in our
:03:45. > :03:48.own outfit. The leisure and competition range cuts a more
:03:49. > :03:52.conventional look, there are no -- and now that more than 300 athletes
:03:53. > :03:55.are kitted out, the Games seems that little bit more real.
:03:56. > :03:57.And continuing the build-up to the Games, hundreds of well-wishers
:03:58. > :04:00.lined the streets of towns and villages in the Stirling area
:04:01. > :04:04.More than 80 baton-bearers carried the baton through towns
:04:05. > :04:06.and villages including Aberfolye, Bannockburn and Stirling itself.
:04:07. > :04:08.One of today's bearers in Aberfolye was selected in recognition
:04:09. > :04:14.of his perseverance following a personal disaster.
:04:15. > :04:21.I was hit by a car just over three years ago, which amputated the lower
:04:22. > :04:29.part of my right leg. Since then, I had got back to doing all the sports
:04:30. > :04:32.I did before. And everyone thinks I am a very inspirational person for
:04:33. > :04:39.showing what I can still do rather than giving up. I take part in a lot
:04:40. > :04:43.of volunteering, I help with disabled charities. Just to show
:04:44. > :04:47.people what they can still do after such a traumatic event, rather than
:04:48. > :04:49.what we cannot do. And there is live streaming of the relay on the BBC
:04:50. > :04:50.website. Time for the weather outlook
:04:51. > :05:04.for tonight and tomorrow. It has been a beautiful day for many
:05:05. > :05:10.of us. But we have also been plagued by a few showers through the day.
:05:11. > :05:13.The showers may fade later, so dry night, just a few lingering along
:05:14. > :05:19.the West Coast. Tonight, temperatures dropping to seven or
:05:20. > :05:22.eight Celsius. Tomorrow, we are doing it all over again, more in the
:05:23. > :05:27.way of sunshine and showers once again. Starting off with showers
:05:28. > :05:31.along the West Coast, but most of us starting dry, then some sunshine.
:05:32. > :05:35.The showers gradually making inroads across much of the mainland into the
:05:36. > :05:42.afternoon. Some of them heavy, perhaps fundraiser. In between, some
:05:43. > :05:52.good spells of sunshine. -- perhaps thundery. Temperatures around 17 or
:05:53. > :05:57.18. There is more news and weather online. Our next bulletin is at
:05:58. > :06:00.10.45. Until then, have a good night.