A Statoil type company is needed for Ireland

By TheCork.ie Council Reporter

Sinn Fein Cork City Cllr Chris O’Leary is calling on government to make sure
the people of Ireland get a greater benefit from the countries natural
resources.

A party motion was passed unanimously at last nights City Council meeting.

Cllr O’Leary says Ireland should setup a state controlled oil, gas and
mineral exploration company,
similar to what Norway did with Statoil.

He says if the Irish state owned at least 51 percent of the company,
then it could net 45 billion euro, instead of that money going to
multinationals.

0528-IRISH-OIL-01-sf-cllr-chris-oleary-WANTS-IRISH-STATE-TO-SETUP-ITS-OWN-STATOIL.mp3

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