A Mayo TD has called for windfall tax on profits of the Corrib gas field to be ring-fenced for the Erris region of north Mayo.
Sinn Féin TD Rose Conway Walsh said the company trebled profits in the first six months of 2022 to an estimated €560 million.
As the Connacht Telegraph reports, this puts it on course for €1 billion of profits for the year, she said.
The Belmullet-based TD: "The design of the windfall tax, as it is stated by the Council of the European Union, is far from perfect, as it lets the company keep the vast majority of the windfall profits.
"They keep all of their normal profits, plus an extra 20%, and then they keep 77% of the windfall profits over and above that,” she told the newspaper.
"It would be an important gesture for the people of Mayo and Belmullet, particularly for the likes of Belmullet Community Hospital and the R312,”she said.
Read more in the Connacht Telegraph here