RE: Comments on the draft climate bill29 Mar 2019 13:00
Assuming that the current Government in Ireland do block this, and they don't seem minded to let it pass, the next elections in Ireland are not until April 2021. Therefore, if the appraisal drills establish commerciality, the JV can apply for a production licence. I appreciate that that won't go through overnight, but I imagine they are well aware of this proposed legislation, and will apply for the production licence at the earliest possible opportunity to try and secure it before those elections, just in case.
The Saudis recently commented on the worrying rise of this sort of thing, and observed how unrealistic it was to expect the world to be powered by green energy right now. Irish consumers will either face stupendous heating bills if they go along with this, or they can bask in the warm Irish winters. Anyone lived in Ireland in the winter? I have.
So, its worrying. But I really doubt it will derail Barryroe.