user preferences

New Events

Ireland / Britain

no event posted in the last week

1,600 billion - Massive scale of oil giveaway revealed in Shell to Sea report

category ireland / britain | economy | news report author Tuesday September 11, 2012 17:16author by Workers Solidarity - WSM Report this post to the editors

€1,600 billion. That is the figure for Irish Oil & Gas reserves already licensed revealed this morning in a detailed report from Shell to Sea using the energy corporations own reports and estimates. People in Ireland will see almost no benefits from this incredible wealth because the Irish state gives these reserves to the corporations at the cheapest terms in the world.

tinycropmap.jpg


€1,600 billion - Massive scale of oil giveaway revealed in Shell to Sea report


€1,600 billion. That is the figure for Irish Oil & Gas reserves already licensed revealed this morning in a detailed report from Shell to Sea using the energy corporations own reports and estimates. People in Ireland will see almost no benefits from this incredible wealth because the Irish state gives these reserves to the corporations at the cheapest terms in the world.

According to Dublin Shell to Sea "The figure is contained in a groundbreaking new report that reveals a more complete picture of the extent of exploration in Irish territory and exposes the State’s failure to effectively manage Ireland’s natural resources. By trawling through figures published by oil exploration companies, researchers compiled companies' estimates for a total of 69 different discoveries, “prospects” and other areas licensed for oil and gas exploration. The combined total of those company estimates is 20,964 million barrels of oil equivalent (of oil or gas), worth €1,600 billion at today’s prices. The research is presented in the form of a map and tables in a major new guide to the issues, ‘Liquid Assets’.

Speaking for Dublin Shell to Sea Criostoir MacCuirc said: “The Government and oil industry defend Ireland’s giveaway licensing terms by claiming that Ireland is an ‘unproven territory’, where exploration is minimal. This painstaking new research tells a different story. While it is important to note that oil companies may talk up their prospects to attract investors, on the other hand this figure is conservative, in that it only includes areas that have been licensed and for which estimates exist.These are already licensed to private companies, who will own and control all of the oil and gas they contain.”

The envirnomental concerns at extracting such huge quantities of fossil fuels are discussed in the report. UCD academic and Afri chairperson Dr Andy Storey said at this mornings launch in Buswell's hotel that: “This report makes the valuable point that leaving the resources in the hands of private corporations gets us nowhere – we need to assume public ownership of these resources and then decide, democratically, how, if at all, they are to be made use of.”

You can download the following documents here:

Sources Spreadsheet: contains extensive background information about the 69 areas shown on the map and lists sources.
Liquid Assets: PDF of 44-page report/booklet
Map of oil and gas exploration in Irish territory
Tables summarising key information about licensed areas, including company estimates.
watch video here http://www.youtube.com/watch?v=1hAirY3UW4o&feature=play...edded

Related Link: http://www.wsm.ie
This page can be viewed in
English Italiano Deutsch
Employees at the Zarfati Garage in Mishur Adumim vote to strike on July 22, 2014. (Photo courtesy of Ma’an workers union)

Front page

SAFTU: The tragedy and (hopefully not) the farce

Anarchism, Ethics and Justice: The Michael Schmidt Case

Land, law and decades of devastating douchebaggery

Democracia direta já! Barrar as reformas nas ruas e construir o Poder Popular!

Reseña del libro de José Luis Carretero Miramar “Eduardo Barriobero: Las Luchas de un Jabalí” (Queimada Ediciones, 2017)

Análise da crise política do início da queda do governo Temer

Dès maintenant, passons de la défiance à la résistance sociale !

17 maggio, giornata internazionale contro l’omofobia.

Los Mártires de Chicago: historia de un crimen de clase en la tierra de la “democracia y la libertad”

Strike in Cachoeirinha

(Bielorrusia) ¡Libertad inmediata a nuestro compañero Mikola Dziadok!

DAF’ın Referandum Üzerine Birinci Bildirisi:

Cajamarca, Tolima: consulta popular y disputa por el territorio

Statement on the Schmidt Case and Proposed Commission of Inquiry

Aodhan Ó Ríordáin: Playing The Big Man in America

Nós anarquistas saudamos o 8 de março: dia internacional de luta e resistência das mulheres!

Özgürlüğümüz Mücadelemizdedir

IWD 2017: Celebrating a new revolution

Solidarité avec Théo et toutes les victimes des violences policières ! Non à la loi « Sécurité Publique » !

Solidaridad y Defensa de las Comunidades Frente al Avance del Paramilitarismo en el Cauca

A Conservative Threat Offers New Opportunities for Working Class Feminism

De las colectivizaciones al 15M: 80 años de lucha por la autogestión en España

False hope, broken promises: Obama’s belligerent legacy

Primer encuentro feminista Solidaridad – Federación Comunista Libertaria

© 2005-2017 Anarkismo.net. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Anarkismo.net. [ Disclaimer | Privacy ]