"Ireland only taxes the profits of such enterprises [petroleum exploration and production]. There is no per unit tax or levy as in other countries and Ireland's tax rate is relatively low. The State also does not take an ownership stake in the field or demand royalties. Thus on this basis, Ireland's tax regime is generous in comparison to that of other countries. "
An article in the edition of August 26th, concerning the Corrib gas project, stated incorrectly that waste chemicals from the gas processing terminal at Bellanaboy will be discharged 80kms off the Mayo coastline.
What will be discharged to sea is treated produced water. The Environmental Protection Agency, in issuing its emission licence, said there is no potential for harm to the marine environment from the treated produced water.
An article in the edition of September 17th said that Shell expects local resistance to escalate if permission is given for the last section of the pipeline. What Shell actually said was that they hoped resistance would not escalate but that it “would be unrealistic to expect” that resistance would not continue.
