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Shell profits obscene - Cullinane

28 October, 2005

Sinn Féin Waterford City Councillor David Cullinane today described multinational oil company Shell's $7.37 billion profits for the third quarter of this year announced today as obscene.

"In the context of Shell's behaviour in Mayo, where they have ensured that five men bravely attempting to protect their families and community spent 93 days in jail, this level of profit is obscene. Shell is currently making $1.5 million profit every hour, yet an Irish Government has seen fit to give away our natural resources to them. This is surely one of the worst cases of profit before people we have seen on this island.

"The argument that Shell couldn‚t afford to pay royalties and taxes on the Mayo gas development has now been shown up for what it is - plainly ridiculous. Sinn Féin is committed to ensuring that future developments of our natural resources are for the benefit of the Irish people, not to add to the outrageous profits of a multinational like Shell." ENDS

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