Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

A pipe-laying vessel off the Irish coast in Broadhaven Bay to work on the Corrib pipeline in June 2009. Julien Behal/PA Wire

Carey approves Corrib Gas pipeline before leaving office

In one of his last acts as Minister for Energy, Pat Carey has given the controversial Corrib pipeline the go-ahead.

THE DEPARTMENT OF COMMUNICATIONS, Energy and Natural Resources has announced that, in one of his final acts as acting minister, Pat Carey has approved the construction of the Corrib Gas pipeline.

An Bord Pleanála approved the final section of the controversial pipeline last month, which runs from the sea to the Corrib gas processing station at Bellanaboy, Co Mayo.

That decision required ministerial approval before it could be followed.

In letters dated the 25 February but announced in a statement today, the department said Carey had granted approval, subject to conditions, to Shell E&P Ireland ”to construct a gas pipeline from the Corrib gas field subsea facilities to the Corrib gas terminal at Bellanaboy, Co. Mayo.

It also said approval had been granted for “an addendum to the Plan of Development for the Corrib gas field development”.

Local residents have been actively campaigning against the pipeline for several years, citing safety concerns about the proposed pipeline’s proximity to residences.

The plan approved by An Bord Pleanála included changes made following concerns raised by residents. Shell E&P Ireland had welcomed An Bord Pleanála’s approval, saying it believed the “decision is good for Mayo and Ireland”.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
39 Comments
    Install the app to use these features.
    Mute Johnneary
    Favourite Johnneary
    Report
    Feb 2nd 2016, 9:50 AM

    Meanwhile
    An unknown shelf company buys a company in a tax haven somewhere to minimise paying tax in their own country.

    36
    Install the app to use these features.
    Mute Rory J Leonard
    Favourite Rory J Leonard
    Report
    Feb 2nd 2016, 10:09 AM

    Yes, and said company’s latest project is to launch an A to Z Guide on how to ship $10 bn annual profits tax free out of various western jurisdictions in a captainless boat to a Caribbean Island tax haven.

    18
    Install the app to use these features.
    Mute Dave Meagher
    Favourite Dave Meagher
    Report
    Feb 2nd 2016, 10:17 AM

    Along with the rest of the multinationals.

    4
    Install the app to use these features.
    Mute Moderate Michael
    Favourite Moderate Michael
    Report
    Feb 2nd 2016, 9:47 AM

    Only way for Apple is down, unless they start innovating, which is unlikely to happen since the end of the Steve Jobs era.

    16
    Install the app to use these features.
    Mute Johnneary
    Favourite Johnneary
    Report
    Feb 2nd 2016, 9:52 AM

    Maybe so
    Plenty of shilling in the bank to whittle away in the meantime.
    http://www.businessinsider.com/global-cash-reserves-companies-nations-2014-4?IR=T

    12
    Install the app to use these features.
    Mute John R
    Favourite John R
    Report
    Feb 2nd 2016, 10:55 AM

    Moderate Michael, Apple has been written off so many times and has always bounced back. It would be unwise to write them off based on stock market valuations. So it’s only the second most valuable company in the world ? And this means they’re on the way down? I would have thought that it was an indicator of success.

    9
    See 1 more reply ▾
    Install the app to use these features.
    Mute Stephen Earle
    Favourite Stephen Earle
    Report
    Feb 2nd 2016, 3:54 PM

    Michael, living in the cloud, no pun intended, if you think Apple is going down or even if it cares about Google.
    Google makes basically no product, Apple is a product based company. If it only makes 99% of a gazillion instead of the full gazillion the 20 year old stockmarket jockeys write it off again.
    In reality they force the price down, buy in at the new lower price then sell again a month later ehen the shares have recovered. Oldest trick in the business

    2
    Install the app to use these features.
    Mute John R
    Favourite John R
    Report
    Feb 2nd 2016, 10:53 AM

    Alphabet “… made a profit of $4.9 billion (€4.48 billion) in the last quarter of 2015, and saw its value rise to $568 billion (€520 billion) in after-hours trading, beating Apple’s value of $535 billion (€490 billion).”

    Apple made a profit of $11.1 billion in the last quarter of 2015 and has more cash in the bank than the GDP of many European nations, over $200 billion. I wouldn’t worry too much about stock market valuations because they are so fickle. Anyone who writes Apple of is stupid. Largest or second largest company in the world? Is it really important?

    12
    Install the app to use these features.
    Mute Michael Hodges
    Favourite Michael Hodges
    Report
    Feb 2nd 2016, 10:00 AM

    Whoever clicks on those adds?

    11
    Install the app to use these features.
    Mute Dave Davis
    Favourite Dave Davis
    Report
    Feb 2nd 2016, 10:35 AM

    As someone who works in the industry (and it is an entire industry), I can’t tell you that a LOT of people click on those ads. In search, between 30-50 percent click on them depending on the search term (older, less tech savvy people are more likely).

    Increasingly, more and more clicks are being driven from the display network as Google provides better ways to filter out the crap.

    Those remarketing ads that “follow” you around, it would shock you how well they work. When they were first released, I refused to use them, believing everyone was like me, creeped out and would simply install an ad blocker. I was wrong. Very wrong.

    Now, advertisers even have access to show you those remarketing ads based on your email address. This is still in beta but it works even better than regular remarketing lists. If I have your email address and it’s a Google email address, I can tell Google to show you my ads on the display network. Even if you’ve never had any interaction with me.

    Google/Alphabet is going to become even more valuable this year. It’s advertising and analytics products are incredible. Whether you agree with advertising or not, they’re going from strength to strength. It would scare the crap out of you how much data about you that advertisers have. In Ireland, it’s pretty easy to build up a database of the entire population. Statistically, you’re likely to be in one of mine.

    The rise in use of ad blockers (which on most of them, Google ads are whitelisted by default) is more than offset by the rise in new people using the Internet.

    Google also have an entire team dedicated to making sure ads are not intrusive. I wouldn’t be shorting their stock any time soon.

    18
    Install the app to use these features.
    Mute iohanx
    Favourite iohanx
    Report
    Feb 2nd 2016, 11:15 AM

    Knock it if you will, just remember Googles stock is part of millions of people’s pension funds.

    3
    Install the app to use these features.
    Mute Michael Sullivan
    Favourite Michael Sullivan
    Report
    Feb 2nd 2016, 9:59 AM

    This is the best clickbait headline I have read this year.
    i just had to click to click. Fair play.

    3
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds