Oireachtas Joint and Select Committees

Tuesday, 27 June 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Fossil Fuel Divestment Bill 2016: Discussion

4:00 pm

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

Deputy Gerry Adams’s Bill deals with the storage and marketing of fossil fuels. It also deals specifically with financial vehicles and collective investments which, under this definition, could be a fossil fuel company. Accordingly, the investment could be in several aspects of a company's business, inlcuding the storage, production or extraction of fossil fuels. The question arises as to how it would divest itself of this investment. Do the delegates believe the marketing and storage of fossil fuels should be included in the definition of a fossil fuel company? Is it wide enough in scope to capture what is required?

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