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Shell profits at Ireland's expense
mayo |
environment |
press release
Wednesday October 29, 2008 19:45 by Shell to Sea
Shell are tomorrow expected to announce profits of €5.5 billion for the third quarter of the year, representing a 12% increase on profits from this time last year. This means that while people are paying record prices for their fuel, Shell were racking up record profits of around €60 million every day. Recently Bord Gáis applied to increase gas prices by up to 8% which follows a 20% increase which took effect this September. Commenting on the Shell profits, Shell to Sea spokesperson Maura Harrington stated "Because of the obscene giveaway gas deal even if Corrib Gas came on stream tomorrow it would not affect the price we pay for our gas, we would buy it back at full market value from Shell. Indeed all the extra delays and costs will be paid for by the Irish taxpayer under the current oil and gas terms." |
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