The cabinet is today expected to approve the Sheshinski Committee's final recommendations on raising the government's take on gas and oil discoveries. The government's take will rise from 33% to 52-62%. Last week, Prime Minister Benjamin Netanyahu decided to adopt the Sheshinski Committee recommendations.
Over the past few days, private investors in the energy exploration companies have waged an aggressive campaign against the Sheshinski Committee recommendations by bombarding Netanyahu with emails expressing their opposition to the Sheshinski proposals.
One of the mails, signed by Givot Olam Oil Exploration Limited Partnership (TASE:GIVO.L) CEO Tuvia Luski, said, "The Sheshinski Committee recommendations unfairly and unwisely harm Givot but worse than that - its implementation will prevent the continued search for oil in Israel and that will be a strategic error."
The email was not written by Luskin but by one of the company's investors who decided to use his name.
Many of the emails are rewrites of mails that have been sent in the past to the media or members of the Sheshinski Committee, and have simply been sent again to the prime minister ahead of today's cabinet vote.
Published by Globes, Israel business news - www.globes-online.com - on January 23, 2011
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