Mr. Conor O'Kelly:

I thank the Deputy. I will take the questions in order. On the ethical policy, I suppose our position is that we had decided not to take proactive action during the transition phase in respect of a portfolio that was out with fund managers who did have the exposure referred to by Deputy Connolly and a portfolio probably not appropriate for contemporary thinking. I think we have to review that and we will come back to the committee with our latest policy when the global transition strategy is complete. I take the point that there is a gap and we need to take a close look at it.

With regard to DCU and the EIB, we are in dialogue with the latter about other potential areas. More particularly, it is a matter of the other universities taking a look at what we have done and to determine whether they could access funds. It is specifically for students and campus development that the EIB money is available in the case in question.