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Ferris criticises decision to grant oil and gas licenses

17 October, 2011

The Sinn Féin spokesperson on Communications, Energy and Natural Resources Martin Ferris TD has strongly criticised this morning’s announcement by Minister Pat Rabbitte to issue 13 new oil and gas licenses.

Deputy Ferris said:

“The Minister claimed this morning that the Irish offshore has real potential. It obviously does given the interest expressed by the exploration companies. However, no real benefit will accrue to the people or the exchequer until the licensing and taxation terms are radically revised.

“I also regret that the Minister has proceeded with the granting of the licenses before having the Committee conduct the review of all aspects of oil and gas exploration in this country, as he promised several months ago in response to a Sinn Féin Private Members Motion.”

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