Steinitz threatens to create ‘Sheshinski 2’

26.12.2011                      30.Kislev. 5772                       Channuka 6                      Rosch Chodesch 1

Umwelt, Totes Meer:

Steinitz threatens to create ‘Sheshinski 2’

Tourism, environmental protection ministers warn that company may increase production if royalties remain at 10%.

Finance Minister Yuval Steinitz threatened on Sunday to establish a committee to examine the state’s shares from Dead Sea quarrying if Israel Chemicals unit Dead Sea Works does not respond positively to a government proposal on salt harvesting.
The government must receive a response to its proposal by midnight Tuesday; otherwise, it will establish “a second Sheshinski Committee,” Steinitz said. The first Sheshinski Committee, whose recommendations became law in March, increased the state’s share of gas and oil revenues to figures ranging between 52 and 62 percent, depending on the case. The state previously held a one-third share in those revenues….