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Great Gas Giveaway (full text)

national | miscellaneous | other press

Tuesday June 02, 2009 09:27

by supporter - Afri

afri at iol dot ie

Report this post to the editors

How the Elites have Squandered with our Health and Wealth

How the Elites have Squandered with our Health and Wealth
Dr. Andy Storey and Michael McCaughan

“We gave the Corrib gas away and now Éamon Ryan is intent on giving away the
remaining choice areas of our offshore acreage at less than bargain basement
prices”.

An international study in 2002 found that only Cameroon took a lower share of
the revenues from its own oil or gas resources than Ireland – the vast
majority of countries demand that multinational oil and gas companies pay the
state proportionately twice the amount that the Irish government is extracting
from the Shell-led consortium that is exploiting the Corrib gas field. Ghana,
for example, insists that the state-owned Ghanaian National Petroleum
Corporation has a 10 per cent ownership stake in any resource find and the
multinationals are also liable to a 50 per cent profits tax.

Full text at pdf.
http://rapidshare.com/files/239679956/GreatGasGiveaway.pdf.html

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Comments (4 of 4)

#	Title	Author	Date
1	Ensuring Ireland's energy security.	Tim Hourigan	Tue Jun 02, 2009 18:55
2	PDF no longer available	George Row	Wed Jun 03, 2009 13:47
3	Great Gas Giveaway (pdf Report)	supporter	Wed Jun 03, 2009 15:28
4	If you can't follow that link either	pippin	Wed Aug 19, 2009 18:51

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