Labour Minister must keep election commitments and review terms and conditions governing oil and gas exploration – Ferris
Speaking in the Dáil Sinn Féin Spokesperson on Natural Resources Martin Ferris TD has called on Minister for Communications, Energy and Natural Resources Pat Rabbitte to live up to his party’s election commitments and extend the current royalty regime to the Corrib consortium as part of a promised review of the terms and conditions governing oil and gas exploration.
Deputy Ferris also called on all parties to support the motion.
Deputy Ferris said:
“I am calling on all parties to support the Sinn Féin motion here tonight. It is designed to ensure that it these times of recession and economic mismanagement that our oil and gas resources are utilised to the best benefit of the Irish people.
“In the motion we set out the vision that my party and many others have of how our oil and gas resources, and indeed it could be expanded to include our fisheries and forestry and wind and wave energy, ought to be used to bring about a revival of enterprise and of spirit among our people.
“The Labour Party gave a commitment in their election manifesto, if elected to Government to extend the current royalty regime to the Corrib consortium as part of a promised review of the terms and conditions governing oil and gas exploration. Unsurprisingly this review has not materialised.
“I would appeal to Minister Rabbitte to implement the review promised by his party during the election and that the terms of reference for that review be the framing of a taxation and licensing regime that would ensure that this country benefits from the vast wealth that lies off our coast.”