Irish natural resources must benefit the people – Ruane

Speaking at the launch of Sinn Fein's election proposals on natural resources, Mayo Sinn Féin election candidate Thérèse Ruane said that strong measures are required to ensure that Irish natural resources are used for the benefit of the people. Among the proposals announced today is a commitment to renegotiate existing oil and gas contracts including that held by Shell for the Corrib Gas field, to give the State a 51 per cent shareholding while increasing the levies to 48 per cent and royalties to 7.5 per cent.

Ruane also pledged Sinn Féin's opposition to any attempt to sell off more public assets as part of the EU/IMF bailout for the banks.

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