Royal Dutch Shell, Statoil, Exxon Mobil and other global corporations will be taking billions of euro out of the country in the next couple of decades. In other countries they would have to give the majority of this money to the State, but not in Ireland. In 1987, then Minister Ray Burke, later jailed for corruption, abolished the State’s 50% share and all royalties.
Three wards in Crumlin children’s hospital were closed recently because of a €9.6 million deficit. The value of our offshore fields is 43,750 times the cost of keeping those wards open. It is 300 times the money that will be raised from the public sector ‘pensions levy’.