Ferris criticizes decision to award foreshore license to Corrib consortium
The Sinn Féin Spokesperson on Natural Resources Martin Ferris TD, has strongly criticised the granting today by Environment Minister Phil Hogan of a foreshore license to allow the completion of the gas pipeline to the refinery site at Bellanaboy.
Deputy Ferris said: “While both Labour and Fine Gael objected to the granting by Pat Carey of approval for the pipeline on the day of the election, the new Government has been quick to ratify that decision and to grant the foreshore license. This is clearly an attempt to pre-empt the judicial review of the Bord Pleanala decision which begins in the High Court on Tuesday.
“The Corrib gas could provide a vital boost to the Irish economy but not under the current licensing and revenue terms. As it stands this state will only benefit minimally when the gas comes on stream in 2013. Before that happens we need to put in place a proper taxation and royalty regime to ensure that a substantial part of the billions of Euro in profits involved go to providing a means to stimulate the Irish economy rather than ending up mostly in the coffers of multi national companies.”