Why Ireland stands to lose €400 billion in natural gas and oil deposits

Mon, 02 Apr 2007 13:35:24 +0000
Natural resources, Rossport, Economy, National, Newsroom, Analysis

Concerns about the safety of Shell’s pipeline in Rossport are well known. But that’s not all that’s at stake. Not by 400 billion euro (2007 figure). The oil companies exploiting Ireland’s west coast have got some of the sweetest deals in the world and that doesn’t happen by accident. This article looks at how the Irish state has been busy rolling over for the last thirty years so the multinationals can grab the riches that should belong to us all.