Catherine Connolly (Galway West, Independent) | Oireachtas source

I could not be happy with that answer. Climate change is the biggest risk we face. I have asked Mr. O’Kelly in regard to the very well-produced, glossy report where climate change fits in and where it is identified as a risk. Mr. O’Kelly tells me there is a transition. Do I understand that the NTMA is to move out of all the current investment arrangements? There are 55 corporations listed that extract, transport or burn fossil fuels. They fall under the quoted debt instruments. Under quoted equities, there are 241 corporations that extract, transport or burn fossil fuels. There are significant investments in the world’s tobacco corporations. There are questions to be asked the about companies, including those that finance mercenary armies, etc. These are the investments of the NTMA. Mr. O’Kelly might say they are a legacy. Who makes the decision on the morality of these investments and, more importantly, on the effect of the fossil fuel industries on climate change? What date does the NTMA have for stopping this? When is this going to stop? Is it being reviewed? Who is reviewing it?