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Irish government votes in favour of future Oil & Gas exploration

05/07/2019
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Ireland’s Government have blocked a bill that would have banned future oil and gas exploration in Irish waters and limited the issuing of new licenses.

Oil and Gas associations have hailed the Irish Governments decision to block the bill
(Image via IOOA)

The Climate Emergency Bill was proposed by People Before Profit TD Bríd Smith and passed by majority in the Dáil. However the government chose not to proceed with it, arguing that the bill would not reduce Ireland’s carbon emissions but merely require the country to import fossil fuels from other nations.

“Government has recognised that using our own natural resources is not only good for energy security but also good for the environment and jobs,” explained the Irish Offshore Operators’ Association’s (IOOA) chief executive, Mandy Johnston.

“The facts speak for themselves: Russian gas imported to Ireland creates 34-38% more greenhouse gas emissions than using Irish gas, while liquified natural gas (LNG) imported from Qatar creates 22-30% more.”

The IOOA were fully supportive of the government’s decision, releasing a statement which said:

“The Government of Ireland has taken an important step to ensure energy security, protect the environment, and create jobs, by allowing gas and oil exploration to continue.”

The decision saw shares in area operators such as Europa Oil & Gas (Holdings) PLC surge.

“The Irish Offshore Operators’ Association is fully committed to continuing to work with communities, policymakers and others to identify and implement policies which are based on science, evidence, and facts. We must work together to create progressive policies which can make a meaningful and positive impact, without undermining the prosperity of Ireland for our future generations, ” Johnston finished.

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Irish government votes in favour of future Oil & Gas exploration - Time to read 2 min
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