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Drillers to earn €53bn from Irish oil find

Helen Bruce - Irish Daily Mail

But experts say State may not get a cent

Drillers could pocket €53billion from a new find of 1.6billion barrels of oil off the coast of Cork - but the Irish taxpayer may have to wait years to even see a cent of it.

Yesterday, politicians and economists called for an overhaul of current policy - which means Ireland has no stake in its natural resources and can only hope to regain a fraction of its worth via taxation.

The international tax average is 68 per cent, but Ireland's tax term means we could only net between 25 per cent and 40 per cent of the value of the oil bonanza, which at current crude oil prices would be worth between €13billion and €21billion.

Experts warn that exploration companies need only pay tax once they show an operating property, and that they can first write off all their costs of exploration in Irish waters and of developing the oil field.

 A cross party Oireachtas committee has recently proposed raising the tax take from large oil and gas finds up to 80 per cent of profits, which would se the Barryroe oil field contribute €42.4billion to the Irish economy.

Posted Date: 
27 July 2012

Friday the 13th Day of Solidarity

Rossport Solidarity Camp - Indymedia

Shell's haulage was repeatedly stopped by protesters from Rossport Solidarity Camp during today’s day of solidarity with the community in Erris under siege from the imposition of the Corrib gas project. There were three actions at different locations along Shell's haulage route between Aughoose and Bangor Erris, which resulted in a significant disruption to the haulage. The actions were also in solidarity with the reclaim the Land action against open cast coal mining in Scotland planned for tomorrow.

lorry occupied
lorry occupied

Posted Date: 
16 July 2012

Peoples' Forum - July 2012

[Shell to Sea] Below is a report from the Peoples' Forum held on the 7th July.  It contains the presentations that were made on the day from Dónal Ó Mearáin of Table Observers, Betty Shult: Local resident and William Hederman: Freelance Journalist.



Reports and Reportage 


The Corrib Gas saga, now in its 12th year, continues to raise issues of democratic concern in the proposed receiving environment but not unfortunately within a wider discourse. This session of the Peoples’ Forum examines the human rights issues raised by the continuance of this project with emphasis on the local experience, reports by human rights observers and the reportage of the issue by mainstream media.

Posted Date: 
11 July 2012

Shell Co. Council can you hear us now?

Rossport Solidarity Camp - Indymedia

Today the AGM of Mayo Co. council was disrupted by a high pitched grinding noise; a recording of the sounds that came from Shell's compound in Aghoose during the June bank holiday weekend. Local residents aimed to demonstrate how they were ignored when they tried to complain about this disturbance which lasted for four days, and were told the council offices were closed on the bank holiday.

protersters with banners


YouTube Video:  The council are deaf to the plight of Erris

Posted Date: 
26 June 2012

Norwegian Fisherman warns of destruction of seismic survey

RossportSolidarityCamp - YouTube

[Shell to Sea]  Shell and Statoil are currently carrying out Seismic surveys off the Mayo coast.  In this video Norwegian fisherman Bjørnar Nicolaisen warns of the consequences that "seismic shootings" has had on marine life and the fishing industry when it was carried out in Norway.  Fishing catches reduced by 60% in the year after the seismic surveys started and still hasn't returned to normal levels.

Posted Date: 
21 June 2012
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