News Release – Issued by Shell to Sea
June 18th , 2014 – For immediate release
CHANGES TO OIL/GAS LICENSING TERMS ‘COSMETIC’
State continues to rely primarily on corporation tax to extract revenue
The changes to Ireland’s licensing terms for oil and gas announced by Pat Rabbitte today (18th June 2014) are cosmetic and will do little to address the State’s mismanagement of its valuable resources, according to Shell to Sea.[1]
Shell to Sea spokesperson Maura Harrington said: “These changes are cosmetic, Ireland will continue to rely almost exclusively on a tax on profits as a means of extracting revenue from the oil and gas it has given to private companies. We have seen recently how creative accounting has resulted in corporations such as Apple paying almost no tax on profits in Ireland .” [2,3]
Maura Harrington continued “The changes are not retrospective, so the best areas of Ireland’s territory for which licenses have already been given out will continue to be subject to the old terms .”
Terence Conway stated “While the Government has been forced to respond to years of pressure from campaigners on this issue, the changes only give the illusion that the state will get a reasonable amount of revenue, while still only guaranteeing 5% of the value of the resources.”
The Wood Mackenzie report admits “The changes we recommend should not alter the overall perception of Ireland as a ‘high risk / high reward’ country for exploration” and also states that Wood Mackenzie believes that the recommended system will greatly “improve the perception” of the fiscal terms .” [4]
Terence Conway continued “As could be expected from a company so closely linked with the oil industry, the Wood Mackenzie report still recommends continuing to give the oil companies control over and the vast majority of the profits, from whatever oil and gas is found. The State will still take no share in production, and will have no control over what happens to our oil and gas, e.g. whether it is landed in Ireland or supplied to the Irish market .” [5]———
NOTES TO EDITORS
[1] Text of Minister Pat Rabbitte’s speech announcing new terms:
[2] Apple confirms 2% tax rate for two Irish subsidiaries – RTE News
[3] Making a Killing: Oil Companies, Tax Avoidance and Subsidies – Platform London
[4] Review of Ireland ’ s Oil & Gas Fiscal System – Wood Mackenzie
[5] Inappropriate energy advisers selected on oil and gas terms – Shell to Sea
For verification and further comment contact:
Terence Conway: 086 0866264
Maura Harrington: 087 9591474
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RELATED
Oil and gas tax regime faces reform: Belfast Telegraph 18 June 2014
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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