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October 2020

Government must “move quickly” on ruling out LNG terminals

By: 
Kayle Crosson - GreenNews

The government must “move quickly” in ruling out Liquified Natural Gas (LNG) terminals, the co-chair of the Just Transition Greens said today. 

Cork City Councillor Lorna Bogue issued the call in response to a report in yesterday’s Business Post which revealed that Jersey-based company Predator Oil & Gas has proposed it would operate as many as five LNG terminals across the country. 

Posted Date: 
22 October 2020

Corrib gas field owner clocks up €700m tax-free dividends

By: 
Irish Independent

Nephin Energy paid Canadian parent €261.1m last year

THE buyer of Shell’s stake in the Corrib gas field has paid €700m in tax-free dividends to its Canadian parent in the three years since the acquisition. Accounts filed by Nephin Energy Holdings Ltd (NE HL) show the Irish firm paid its parent company, Canada Pension Plan Investment Board (CPPIB), a dividend of €261.1m in 2019 and has already paid a further €56.5m dividend in February this year. That is on top of a €382.4m dividend paid In 2018.

Posted Date: 
22 October 2020