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Ferris calls for radical changes to oil and gas terms

Sinn Féin

The Sinn Féin Spokesperson on natural resources Martin Ferris TD, has called on the Government to reverse Pat Carey’s election day approval for the Corrib gas pipeline and to introduce changes to the licensing and revenue terms governing oil and gas exploration. The Kerry North/Limerick West TD was speaking at a Shell to Sea event outside Leinster House this afternoon which was attended by TDs from Sinn Féin, the United Left Alliance and several independents.

Deputy Ferris said:

“The last Government pulled a sleight of hand in issuing the approval for the pipeline on the day of the election. The current Government parties must immediately reverse that order to allow the entire project to be revisited.

“More and more people are coming to realize that under the current licensing terms that a hugely valuable natural resource and potentially massive injection to the economy has been handed over with little benefit to the Irish people. The state needs to take a controlling interest in oil and gas and to introduce a tax on the exploration companies in line with that imposed in other countries. This is a matter of crucial importance at the current time when the potential revenue from oil and gas could provide a stimulus to the economy.” ENDS

Posted Date: 
22 March 2011