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Not too late for taxpayers to benefit from oil and gas resources – Adams

19 April, 2011 - by Gerry Adams TD


Speaking in the Dáil Sinn Féin President Gerry Adams has said that it is not too late to challenge the bad practice and bad decisions of the past which have given away the natural wealth of the state and for the taxpayers to benefit from our oil and gas resources.

Deputy Adams urged all TDs to set aside party political allegiances and to recognise that the Sinn Féin motion is seeking a better deal for the Irish people.

Deputy Adams said:

“During the last two decades there have been few more disgraceful examples of the corrupt relationship between business, the golden circle and the political system, than the manner in which a small group of politicians have given away our natural resources to multi-nationals.

“Decades of mismanagement and dishonest decisions by government has resulted in a handover of our natural resources to multi-national companies with little benefit to the Irish people, however it is not too late to right this wrong. It is not too late to challenge the bad practice and bad decisions of the past which have given away the natural wealth of this state.

“This Government, on behalf of citizens, should now move to acquire a majority state shareholding in our oil and gas. They should introduce an effective taxation and royalty regime that ensures that this state has the financial resources to get rid of the state debt, and regain our economic sovereignty by ending the involvement of the EU, IMF and ECB in our affairs.

“These proposals make sense and prove that there is a real alternative out there that does not involve slashing the pay of the poorest people or cutting public services.

“I am urging all TDs to set aside party political allegiances and to recognise that the Sinn Féin motion is seeking a better deal for the Irish people.”

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