Varadkar has ‘finished’ off Irish oil sector, says investor

Daniel Murray

Political Correspondent @danieltmurray
22nd December, 2019
Varadkar has ‘finished’ off Irish oil sector, says investor
John Teeling of Petrel Resources has accused the Taoiseach of destroying the oil sector in Ireland. Picture: Fergal Phillips

A leading oil investor has accused Taoiseach Leo Varadkar of destroying the sector in Ireland.

John Teeling, chairman of Petrel Resources, described a new government policy paper on offshore oil and gas as a “death-knell” for the industry.

He said exploration for fossil fuels in Irish waters was “finished”, and that he was “adamantly against any more money being spent” by his company in the region.

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

‘We know how to put people on bicycles, you only have to look at the Dutch cities. It’s not rocket science’

Carbon removals will need to be mandated by governments, head of climate at Stripe says

Simon Harris’ support for lab-grown meat is ‘mind boggling’, industry chief says

Lack of carbon tax in agriculture is a ‘problem’