Last month (December 2011) I was invited to make a written submission to the Joint Oireachtas Committee on Communications, Natural Resources and Agriculture, which is reviewing Ireland’s licensing terms for oil and gas exploration. My submission is below.
Joint Committee on Communications, Natural Resources and Agriculture
Offshore Exploration: Discussion
Submission by journalist William Hederman
Supported by Dr Andy Storey, School of Politics & International Relations, University College Dublin
December 12th, 2011
I am a freelance journalist. I am also a campaigner in a voluntary capacity. In the past year, I have carried out extensive research into issues around Ireland’s management of its hydrocarbon resources. I was motivated to do this by the fact that debate on the topic has been so poorly informed. My research has resulted in several significant – and alarming – revelations. Chief among these is the existence of an industry report which shows that, because of the extraordinary tax write-offs available under Ireland’s licensing terms, the State ‘take’ from gas fields in Irish waters is likely to be closer to 5% than to the 25% – or 40% – that is widely perceived to be the case.
27 February 2012