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Seanad: Gas Regulation Bill 2013: Second Stage (17 Oct 2013)

Paschal Mooney: ...in 2006, a budget surplus in excess of €3 billion was recorded and the then Minister for Finance, Brian Cowen, put more than €2 billion of that surplus into reducing the national debt. This sometimes is long forgotten but it was at a time when there was so much largesse around that another Minister for Finance might have decided to have spent the money, rather than reducing...

Seanad: Gas Regulation Bill 2013: Second Stage (17 Oct 2013)

Trevor Ó Clochartaigh: ...privatisation is clearly an ideological approach that benefits a small group of transnational corporations. Its insistence on entrenching neoliberalism is also profoundly anti-democratic. The sale of Bord Gáis Energy forms another part in the long list of attacks on public goods. Bord Gáis Energy is a dual fuel all island business which serves more than 825,000 customers with...

Seanad: Gas Regulation Bill 2013: Second Stage (17 Oct 2013)

Rónán Mullen: ...are among the highest in Europe, one must ask how much higher they will be after profiteers get their hands on Bord Gáis Energy. More than €1 billion has been invested by Bord Gáis in energy projects in Ireland, which is to be welcomed. However, rather than a long-term investment in Ireland's energy security, I am worried that we are giving in to bidders that seek to...

Seanad: Gas Regulation Bill 2013: Second Stage (17 Oct 2013)

Fiach MacConghail: ...a better sale of the company? Why can it not be retained in State ownership and allowed to continue to generate profits for the State? Bord Gáis is by far the biggest player in the domestic gas market, with 66% market share. I am not sure about the long-term impact or benefit of the sale of Bord Gáis Energy on our society or economy. I am aware of the imposed agreement to...

Seanad: Gas Regulation Bill 2013: Second Stage (17 Oct 2013)

Pat Rabbitte: I am pleased to commence the debate in this House on the Gas Regulation Bill 2013 and thank the Leader and the House for the early scheduling of this legislation. This is not a long Bill. However, the proposals contained in it are both important and significant. It will implement the Government decision of February 2012 on the sale of State assets by ensuring the retention of the strategic...

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