Oireachtas Joint and Select Committees

Wednesday, 1 May 2024

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The legislation does deal with an ESG risk. It precludes the NTMA from investing in fossil fuel companies where the fund would have anything above 15% of a portfolio involved in fossil fuels. The legislation has set a precedent to allow us to stipulate ESG risks. Therefore, as to what Deputy Boyd Barrett and I have said about the occupied territories, the support for the occupation of Gaza and the war going on, this would not be a precedent. The precedent is here in this legislation.

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