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Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: A REIT could do it.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: What about funds that buy stuff from NAMA?

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: We got all our ideas from the Deputy.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: Deputy Rabbitte is always entertaining.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: Whether there is substance behind the entertainment and quips is another matter. There is a deep irony in the fact that the Deputy is adopting the stance that any claim that there is a major resource of gas and oil offshore in Ireland is fantasy and poppycock.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: Deputy Rabbitte was a leading voice in the past in writing pamphlets demanding that we ensure the people of this country get proper benefit from their offshore resources and that there should not be a giveaway. It was not just Deputy Rabbitte. The late Justin Keating, a former Minister, had a very different approach and was critical of what happened under the Fianna Fáil regime of the...

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: I brought in a jar of oil to Deputy Rabbitte one day. It was taken from the Connemara field. He said in this House one day that there had never been a drop of oil taken from the Irish offshore. I got a call from someone who worked in the Connemara field. He said to me it so happened that he had a drop of oil from the Connemara field.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: We are changing now.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: I brought in a jar of this oil.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: The interesting thing was that this jar was from-----

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: No, no.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: It filled a tanker, which was then taken off to Norway.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: It filled a tanker from the Connemara field.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: I want to explain this to the Deputies opposite.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: I was told by a person who worked on the rig in question that we do not have anybody on these rigs to see what they are doing. He explained that we are relying on the information given to us by the oil companies. That is in contrast with what was done in Norway. In the initial period, the Norwegian authorities had to make deals with the oil companies because they did not have sufficient...

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: That was not the case at the beginning.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: I was wondering what happened to Deputy Durkan.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: That is a good point.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: That is a reason to tax them 100%. The Deputy is dead right.

Finance Bill 2015: Report Stage (24 Nov 2015)

Richard Boyd Barrett: This is like the Government's housing strategy.

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