"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. "
By:
RTE news A cross-border umbrella organisation to campaign against hydraulic fracturing for shale gas in Ireland has been set up.
A new cross-border umbrella organisation to campaign against hydraulic fracturing for shale gas in Ireland has been established.
Good Energies Alliance Ireland includes a number of groups already campaigning against fracking on both sides of the border and says it is now taking the battle to a new level.
Spokeswoman Dr Aedin McLoughlin said GEAI is adopting a balanced and professional approach to the anti-fracking campaign and is backed by advisors in the areas of economics, law, science, public health and policy development.
She said its plan is to use information and creative, arts-based communication to raise awareness about shale gas extraction using hydraulic fracturing, and to promote sustainable energy sources and jobs.
Energy company Tamboran Resources has claimed that a gas exploration project for Ireland could create 600 full-time jobs.
Tamboran is proposing a €7bn investment, and has said that it would take specific actions to protect air and groundwater if it is allowed to go ahead with the project.
Posted Date:
16 February 2012 