Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I will not give the name. It is in the correspondence. The relevant items are 145 to 147C in today's correspondence. The name of the gentleman is on the screen but I do not want to publish his name at this stage. You can check your file afterwards if you want to follow it up further.

Items 149C(i) and (ii) are correspondence received from the executive directors of Trócaire and Friends of the Earth with regard to the Committee of Public Accounts meeting on 21 July 2016. Discussions took place with the National Treasury Management Agency in respect of the investment of Ireland Strategic Investment Fund, ISIF, in the fossil fuel industry. The letter calls on the Committee of Public Accounts to review the ISIF investment strategy and for the committee to establish climate risk as a standing item in its programme of work. We received a response to the issue raised on 16 September from the National Treasury Management Agency. I propose that we forward the response to Trócaire. Since climate risk policy is more appropriate to the Joint Committee on Communications, Climate Action and Environment, I propose that we forward the correspondence to that committee as well. To refresh people's memory, when the NTMA was before the committee on 21 July, we raised the issue of climate change and fossil fuels publicly. NTMA sent back a letter dealing with the issue. The agency said it was reviewing its policies. We received the letter on 16 September. It is in our committee documentation. I propose we send the letter to Trócaire and Friends of the Earth. We should also send a copy to the Joint Committee on Communications, Climate Action and Environment. Is that agreed? Agreed.

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