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Indymedia ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

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Search words: rossport

Labour calls for review of the current licensing regime for oil and natural gas production

category national | environment | press release author Friday August 12, 2005 16:40author by elaine - labour Report this post to the editors

Broughan critical of changes to the regulation of oil and gas exploration which were imposed by Ray Burke in 1988, by Bertie Ahern and Bobby Molloy in 1992.

FULL REVIEW OF IRISH OIL & GAS REGIME NECESSARY

Labour Energy Spokesperson Deputy Tommy Broughan has called for a comprehensive review of the current licensing regime for oil and natural gas production in Ireland.

Deputy Broughan said, ”Although the focus at present has rightly been on the dispute over the Corrib gas pipeline and the ongoing incarceration of the five rossport residents, the wider issues of the management of Ireland’s natural resources and the financial return to the Irish state for such assets needs to be urgently examined.

“The current measures in place in Ireland for licensing oil and gas exploration are some of the most advantageous to international oil companies in the EU and across the world. The corresponding return to Irish citizens for what is a critical national resource is extraordinarily low in comparison to other states.

“In 1975 my great predecessor and then Minister for Industry and Commerce, Justin Keating, established a comprehensive strategy for regulating oil and gas exploration in Ireland that corresponded to best international practice. This included a 50% state shareholding in any discovery plus royalties of 6% to 7%. However, the changes imposed by Ray Burke as Energy Minister in 1988 and in 1992 by then Minister for Finance, Bertie Ahern, and Energy Minister Bobby Molloy resulted in the present inadequate system.

“At present the Irish government has no stake in any such developments (unlike the Norwegian and Danish states), earns no royalties from the process and has a very low oil tax regime.

“Many other states have successfully changed the terms of their exploration licences and fiscal regimes, and as circumstances change, periodically review the measures in place. The UK’s North Sea fiscal regime was changed in the 2002 British budget to increase the return to the British state on oil and gas exploration and extraction.

“When the Dail resumes in the Autumn I will be pressing for a similar review of the management of Ireland’s oil and gas natural resources and the Labour Party will propose any necessary legislation.”

Related Link: http://www.labour.ie
author by Theopublication date Fri Aug 12, 2005 17:03author address author phone Report this post to the editors

If this regime is so scandalously generous and so weighted in favour of exploration companies, where is the queue of them coming here to explore?? fact is there is little or no interest.

author by Maggiepublication date Fri Aug 12, 2005 17:30author address author phone Report this post to the editors

Its a well kept secret but multi-national corporations really have very litte interest in exploiting gas and oil. Sure they only do it out of a sense of civic duty.

Shell and Statoil are only making massive profits out of Mayo because they think it will win them a bit of good publicity and favourable PR..

author by eeekkkkkpublication date Fri Aug 12, 2005 17:35author address author phone Report this post to the editors

Big auction of exploration licences very soon if I'm not mistaken. I'll get back on this.

Theo is another flying pig-human type I believe.

author by Olapublication date Fri Aug 12, 2005 18:37author address author phone Report this post to the editors

For information on the licences that the Dept of Comm., Marine and Natural Resources are preparing to issue, please go to:

http://www.dcmnr.gov.ie/Natural+Resources/Petroleum+Affairs+Division/Petroleum+Affairs+Division.htm

You will find plenty of evidence there of the potential reserves (=profits) that will entice the drooling multinational vultures to our shores...coming to a previously peaceful townland near you!

author by Theopublication date Fri Aug 12, 2005 18:51author address author phone Report this post to the editors

Show me where???? there is only one or two companies interested - because Ireland is not a prolific prospect. There is about a one in 60 chance of finding something. Do you relise how much money is spent on unsuccessful operations?? millions - and that is lost - gone - for ever. No wonder it is necessary to attract companies with fiscal incentives.

author by Oisín Kelly - Socialist Party (personal capacity)publication date Fri Aug 12, 2005 19:09author address author phone Report this post to the editors

Labour are nothing more than right-wing hacks. I'd write more about this, but I think my first sentence gets right to the point, wouldn't everyone agree?

author by eeekkkkpublication date Fri Aug 12, 2005 19:39author address author phone Report this post to the editors

"there is only one or two companies interested - because Ireland is not a prolific prospect"

evidence

a tiny bit

no?

and the flyig pig-human floats away on the breeze

author by Labour watchpublication date Fri Aug 12, 2005 20:15author address author phone Report this post to the editors

I note Labour are not calling for the renationalisation of the Oil and Gas reserves. Please stop pretending to be a left wing pro worker party.

author by Chris Bond - Labour (pers cap)publication date Sat Aug 13, 2005 01:12author address author phone Report this post to the editors

''Labour are nothing more than right-wing hacks. I'd write more about this, but I think my first sentence gets right to the point, wouldn't everyone agree?''

Very nice Oisin im sure next you see me Dermot, Enda or Paul, you`ll call us that to our faces.

author by Lets invest!publication date Sat Aug 13, 2005 03:39author address author phone Report this post to the editors

Thats what Ray Burke sold Corrib to Enterprise for

So lets all chip in and buy a plot out there in the Irish sea?
Its bound to be worth billions but we wont tell anyone - maybe we can get the government to give us a biz development grant and massive tax breaks and with some artistic accounting there'll be no stoppin us

Profits could pay for indy mobile reporting units for audio video editing and beam it up scotty sat dishes on the roof and the rest we could spend on blackmailing politicians in order to open future "business" opportunities.

its the only game in town

;-))

author by Please take this very valuable stuffpublication date Sat Aug 13, 2005 03:55author address author phone Report this post to the editors

"No wonder it is necessary to attract companies with fiscal incentives"

What would we do without those nice multinationals coming in and helping us out by extracting our national resources for nothing and then selling it back to us at full market price?

They really are helping us out by stealing the birthright of every Irish citizen. That oil and gas was in our way where it was under the sea bed.

----
Can anyone tell me how the Irish benefit out of attracting companies to extract valuable resources.

We know colonialisation is finished so instead of asking a foreign king to send an army to take over the whole country and rape and pillage everything in sight lets just ask big companies to come in and do it in certain areas of Ireland!

Thats the Shell in Rossport story in a nutshell

At least with privatisation some money is handed over

Is what we are seeing in Mayo beyond the neoliberal economic trend of privatisation? - are we glimpsing into the future ?

author by ==publication date Sun Aug 14, 2005 19:28author address author phone Report this post to the editors

Lets presume you are right for a minute. Please now tell us what benefits will accrue to the state from the selling of the licences besides PAYE returns from the people employed.

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