Falkland Islands Referendum

Jim Shannon Excerpts
Wednesday 13th June 2012

(12 years, 5 months ago)

Commons Chamber
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David Lidington Portrait Mr Lidington
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When Europe is facing an existential economic crisis, this is not the time to talk about a referendum on our membership of the EU.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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I thank the Minister for his commitment to a referendum for the people of the Falklands. Oil has recently been discovered off the Falkland Islands. Will he assure the House that full protection will be given to any of the companies exploring for oil, that the benefit of any oil revenue will go to the people of the Falkland Islands and that any aggression from Argentina will be seen off?

David Lidington Portrait Mr Lidington
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The revenues from any successful oil and gas development will indeed accrue to the Falkland Islands Government. They have voluntarily said that they would want to share some of that revenue with the United Kingdom to offset the cost of our defence expenditure towards the islands. I can assure the hon. Gentleman that we will do everything necessary to protect the legal right of the Falkland Islands to continue with hydrocarbon development.