Plan to ban oil explorers slammed as illogical

A proposed ban by Taoiseach Leo Varadkar on issuing new licenses for oil explorers off the Irish coast is “illogical” and will kill off investments in both oil and gas exploration, Petrel Resources director David Horgan has said.

Mr Varadkar has pledged the Government will phase out issuing new exploration licenses for oil but continue to allow exploration for gas, as part of its response to meet climate change objectives.