Corrib pipeline - resistance wipes out Shell's profits but Fine Gael are clueless

andrew
Fri, 04 Mar 2011 14:03:38 +0000
Election2011, Rossport, Community, Economy, Connaught, Analysis, Andrew N Flood

It has been revealed that the decade long resistance of the people of Erris to Shell's experimental gas pipeline has now wiped out Shell's projected profits from the project. Brian O’Cathain, the Managing Director of Enterprise Energy Ireland let the cat out of the bag at a debate at the IFI on the 4th December. Instead of the 650 million dollars the project was intended to cost, Shell & partners have now spent over 3 billion dollars.