Patricia McKenna on the Lisbon Treaty Guarantees
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atricle 10 of our constitution
Article 10
1. All natural resources, including the air and all forms of potential energy, within the jurisdiction of the Parliament and Government established by this Constitution and all royalties and franchises within that jurisdiction belong to the State subject to all estates and interests therein for the time being lawfully vested in any person or body.
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Serica, the British energy company, has found oil in the Slyne basin, off the west coast of Ireland.
Under current licencing agreements, all oil found in Irish waters will belong exclusively to the finder, with no royalty payable to the people of Ireland. All exploration and development costs will be claimed back before tax is paid. Minor changes to the licensing terms, brought in by Eamon Ryan in 2007, won't apply to this find.
2 years ago 2
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NO MEANS NO.
whallopthedolphin13 2 years ago 4
A RESOUNDING NO IS THE ONLY WAY FORWARD FOR IRELAND.
Look at comment below well over 400 billion worth of oil found in Irish waters with no pay off to the Irish people because of European tripe.
lisbonslayer 2 years ago 3