Dáil debates

Tuesday, 14 May 2013

Report on Offshore Oil and Gas Exploration: Statements

 

8:20 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Can the Minister not see the difference? The profits there go to the state.

They have a vault of hundreds of billions of krone in revenues that would keep that economy secure for decades to come because they take 78% of the profits in royalties, direct taxation, etc., and it is a state company.

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