A moratorium should be placed on the issuing of oil and gas exploration licences until the completion of a promised Oireachtas review of the licensing system, a wide-ranging SIPTU report on the development of Ireland’s hydrocarbon resources has recommended. “Optimising Ireland’s Oil and Gas Resources”, a report produced by the SIPTU Oil and Gas Review Group, concludes that, if managed correctly, the country’s hydrocarbon reserves could provide the basis for a major indigenous industry which could generate long term employment and significant revenues for the State.
Launching the report in Dublin today (Thursday, 30th June) SIPTU general president, Jack O’Connor, said; “It is the considered view of the SIPTU Oil and Gas Review Group that no new exploration licenses for oil and gas should be issued by the Department of Communications, Energy and Natural Resources (DCENR) until a detailed re-assessment of the current licensing system is completed under the proposed Oireachtas review.”
Posted Date:
30 June 2011