Sinn Fein steps up bid for review of Ireland's oil and gas contracts
Sinn Féin has announced that it is to bring forward a motion on the licensing term for Ireland’s gas and oil reserves at Council meetings throughout the State next month if it is not adopted in the Dáil this evening.
Speaking after a meeting of his party’s elected representatives in Leinster House today, Sinn Féin President Gerry Adams said: “Sinn Féin wants to see as wide a debate as possible on the potential of Ireland’s oil and gas reserves.
"We believe that this potential is being wasted and our Dáil motion to be debated this evening seeks to address this.
“Having met with our team of elected reps here in Leinster House today we have agreed that this motion will be put forward at Council meetings throughout the State next month if it is not adopted by the Dáil this evening.”
A recently published government report shows potential reserves of 130 billion barrels of oil and 50 trillion cubic feet of gas. The value of the deposits off the Irish coast could be anything up to a trillion dollars - enough to buy the IMF and the EU and force its members duel to the death in their underpants in the middle of Croke Park.