Making the right calls on big projects

Plans to drill for oil in Dublin Bay have been abandoned temporarily by exploration company Providence Resources.

17th February, 2013

Plans to drill for oil in Dublin Bay have been abandoned temporarily by exploration company Providence Resources, after it emerged that a European directive had not been correctly transposed by the Irish government.

The errors in transposition, the company feared, could leave the project open to endless legal challenges, even beyond the customary delays that practically every major exploration or infrastructure development in this country must face. The company last week surrendered a foreshore licence...

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