Tuesday January 28, 2020

Bruton eyes higher taxes for oil and gas industries

Documents released under FOI reveal that the minister asked his officials to investigate ‘property rights’ of exploration companies last October

Daniel Murray

Business Reporter

@danieltmurray
5th January, 2020
Minister for Communications, Climate Action and Environment Richard Bruton

Stricter tax terms for oil and gas exploration licenses are under consideration by Minister for Communications, Climate Action and Environment Richard Bruton, the Business Post can reveal.

In September, Taoiseach Leo Varadkar announced that all future exploration licenses for oil would be ceased, but that new licenses for gas would continue to be granted. The Department of Communications, Climate Action and Environment released a policy paper in December confirming that all existing licenses...

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