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.
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.
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.
31 January 2011
Prosecutions See Hamill Inquiry 'Parked'
The controversial inquiry into how police handled the sectarian murder of Robert Hamill has been put on the 'back burner'.
Prosecutions See Hamill Inquiry 'Parked'
The controversial inquiry into how police handled the sectarian murder of Robert Hamill has been put on the 'back burner'.
26 August 2009
Tributes To US 'Patriarch' Kennedy
Edward 'Ted' Kennedy has died from cancer aged 77. The veteran US senator (pictured) was the youngest brother of assassinated President John F Kennedy. Senator Kennedy's death comes just two weeks after his elder sister Eunice Kennedy Shriver passed away. A brief family statement said Mr Kennedy had died at home in Hyannis Port.
Tributes To US 'Patriarch' Kennedy
Edward 'Ted' Kennedy has died from cancer aged 77. The veteran US senator (pictured) was the youngest brother of assassinated President John F Kennedy. Senator Kennedy's death comes just two weeks after his elder sister Eunice Kennedy Shriver passed away. A brief family statement said Mr Kennedy had died at home in Hyannis Port.
-
Ireland WeatherToday:Scattered sleet and snow showers will turn increasingly heavy and more frequent in the afternoon across the north. Largely dry with sunny spells in the south, but showers spreading here towards the end of the day. Maximum temperature 4 °C.Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
