Results 1,601-1,620 of 16,478 for speaker:Tommy Broughan

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: It is important to include a reference to the market. I am seeking to strengthen that in amendment No. 18, which was discussed earlier and which relates to the maintenance of the optimum level of stocks. We engaged in a lengthy discussion on Committee Stage regarding the level of stocks held on the island. If I recall correctly, the Minister indicated that 108 or 109 days' worth of oil are...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 16: In page 9, between lines 26 and 27, to insert the following: "(f) to co-operate in conjunction with the Commission for Energy Regulation and the Competition Authority in monitoring the Irish oil industry and market.".

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 18: In page 9, line 35, after "fit" to insert the following: "and after taking full account of the maintenance of the optimum level of stocks so as to ensure the security of oil supply".

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: What happened to amendments Nos. 19 to 25, inclusive? Have they been disposed of?

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 26: In page 10, lines 34 to 37, to delete all words from and including "of—" in line 34 down to and including "director." in line 37 and substitute the following: "of not more than 5 directors (including the chairperson).". These amendments relate to the board of directors. Section 14 specifies that the board of directors will consist of not more than five directors...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: This is a rehash of our Committee Stage discussion. Amendment No. 26 is interesting because there are different and changing models of corporate governance. I notice, for example, the new chief executive of An Post is around the House today. An Post had a chief operating officer, but that position seems to have been removed recently. People utilise different models for different...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 27: In page 10, between lines 35 and 36, to insert the following: "(b) 40 per cent of whom should be male and 40 per cent to be female.".

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 38: In page 11, between lines 40 and 41, to insert the following: "(11) The Minister shall ensure that not less than 40 per cent of members of the board shall be women and not less than 40 per cent shall be men.".

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 40: In page 12, to delete lines 3 and 4 and substitute the following: "(b) thenceforth no later than every three years a statement of strategy must be brought before the Houses of the Oireachtas for approval.". This group of amendments refers to the strategy statement of NORA. Subsection 15(1) provides that, as soon as the agency is established as an independent State...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I have set out the argument in favour of my amendment No. 40. My amendment No. 42 echoes the raft of amendments Deputy Durkan tabled on the Dáil and the Seanad aspect. Many statutory instruments and various reports and statements have been laid before the Oireachtas but were not discussed here; the odd report is discussed. We had a dispute yesterday over the request from our colleague,...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: We are doing our best with the huge amount of information that is required but it would be a good opportunity to have documents discussed in the House. Our Green Party colleagues had a useful debate earlier in this Parliament on having reports on climate change put before Parliament on a regular basis to give us an opportunity to address that issue. This is a key element in the lives of our...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 42: In page 12, to delete lines 18 to 20 and substitute the following: "(4) As soon as practicable the Minister shall lay the draft strategy statement before the Houses of Oireachtas for approval.". Question, "That the words proposed to be deleted stand" put and declared carried.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I move amendment No. 49: In page 13, between lines 25 and 26, to insert the following: "(14) The Minister shall establish a subsidiary oil exploration agency so as to facilitate a holistic approach to Ireland's oil and energy security.". This amendment alludes to an earlier discussion. The Minister stated it is not appropriate to do what it seeks and that we should seek to establish the...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: Until five or six months ago, the Minister and his predecessor, Deputy Dermot Ahern, used to say in the various debates we had on this matter that very little could be done because few resources had been found. They used to refer to the record of exploration in this country. They would point out that over the previous two and a half decades, companies were not prepared to explore our waters...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: We did in 1975. Does the Minister recall what happened?

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: What about 1983 and 1987?

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: The tenor of the Minister's statement suggests that we may take this type of action in four or five years time depending on the information we will then have. However, it will be too late. Unless we change the Constitution or the Minister emulates President Vladimir Putin, we cannot change the terms of the licence awarded to Shell and its partners. The Minister might be compared——

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: Apparently, President Putin is changing the terms and conditions applicable to Shell and Total in the region of the Russian Federation, including the island of Sakhalin. The famous Shell company is under the spotlight again because President Putin is prepared to change the terms. Since the mid-1990s, the Yeltsin Government has been regarded as giving away the vital natural resources of the...

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: I will conclude. The Minister attacked my party.

National Oil Reserves Agency Bill 2006: Report Stage (Resumed) (8 Nov 2006)

Tommy Broughan: In this matter, the Labour Party is prepared to stand on its record. Our Minister, Mr. Justin Keating, first established a fair and honourable regime in line with international comparisons. In the mid-1980s, our great party leader, Mr. Dick Spring, continued the regime. I accept the Minister's comment that people in the mid-1990s, including the subsequent Government's Chief Whip, took...