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

The third point which has been raised relates to unintended consequences that may arise from the drafting of the Bill. Dr. Deane mentioned Bord na Mona and the ESB. Those issues can probably be dealt with during the amendment stages. Is it Dr. Deane's view that Bord na Mona or the ESB should receive funding from ISIF regardless of the type of activity they undertake or should it only apply to environmentally friendly activity?

The Government has put forward arguments regarding unintended consequences, namely, that it could possibly affect SMEs that are funded by the Strategic Banking Corporation of Ireland as well as what it would call potentially necessary infrastructure to carry energy that may originate from fossil fuel companies.

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