Menu
28/01/2013
Study Finds Harvesting Rights Sale 'Not Justified'
The sale of harvesting rights of Ireland's forests could not be justified, as any economic benefit would be outweighed by the liabilities the State would incur, a new study has found.
The State would remain liable for costs of €1.3bn following a sale of the harvesting rights, a report, commissioned by the Coillte branch of IMPACT, has said.
The report found that in order for the State to cover those costs Coillte would need to sell the rights at almost double its average selling price, around €78 per m3.
The study also found that there was nothing to suggest this would be possible.
Speaking on RTÉ's News at One, the report's author, Peter Bacon, said that while the Government would get a lump sum now, it would forgo future profits, while also being left with residual costs.
(H)
The State would remain liable for costs of €1.3bn following a sale of the harvesting rights, a report, commissioned by the Coillte branch of IMPACT, has said.
The report found that in order for the State to cover those costs Coillte would need to sell the rights at almost double its average selling price, around €78 per m3.
The study also found that there was nothing to suggest this would be possible.
Speaking on RTÉ's News at One, the report's author, Peter Bacon, said that while the Government would get a lump sum now, it would forgo future profits, while also being left with residual costs.
(H)
Related Irish News Stories
Click here for the latest headlines.
21 March 2024
PSNI Welcomes CJINI Inspection Report
The PSNI has welcomed the publication of the Criminal Justice Inspection Northern Ireland (CJINI) inspection report and said that it accepts all of the recommendations that relate to the Police Service.
PSNI Welcomes CJINI Inspection Report
The PSNI has welcomed the publication of the Criminal Justice Inspection Northern Ireland (CJINI) inspection report and said that it accepts all of the recommendations that relate to the Police Service.
16 September 2010
North's 'Bill Of Rights' Wins Backing
As the Stormont Justice Minister David Ford vowed to reshape the region's justice system to fit the needs of the people of Northern Ireland, human rights commissions across the UK have backed a proposed Bill of Rights for Northern Ireland.
North's 'Bill Of Rights' Wins Backing
As the Stormont Justice Minister David Ford vowed to reshape the region's justice system to fit the needs of the people of Northern Ireland, human rights commissions across the UK have backed a proposed Bill of Rights for Northern Ireland.
09 February 2011
Submissions Sought On Human Rights
Members of the public and interested organisations are being asked to highlight issues of concern regarding Ireland's human rights record.
Submissions Sought On Human Rights
Members of the public and interested organisations are being asked to highlight issues of concern regarding Ireland's human rights record.
26 March 2024
Environmental Report Highlights 'Failure To Act'
A new environmental report highlights Northern Ireland's failure to act on protecting its environment, Alliance's Environment spokesperson John Blair MLA has said.
Environmental Report Highlights 'Failure To Act'
A new environmental report highlights Northern Ireland's failure to act on protecting its environment, Alliance's Environment spokesperson John Blair MLA has said.
21 May 2009
Dunne Family Inquest Verdict Announced
The formal inquest into the deaths of the tragic Dunne family in Co Wexford has found that Ciara Dunne and her two children were unlawfully killed at their home in 2007, while 29-year-old Adrian died by suicide.
Dunne Family Inquest Verdict Announced
The formal inquest into the deaths of the tragic Dunne family in Co Wexford has found that Ciara Dunne and her two children were unlawfully killed at their home in 2007, while 29-year-old Adrian died by suicide.
-
Ireland WeatherToday:A dry and sunny start but cloud bubbling up with a few showers developing from late morning. Becoming dry and sunny along the east coast in the afternoon. Maximum temperature 12 °C.Tonight:Showers gradually die out to leave good clear spells in the evening and overnight. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
