Mr. Kieran Bristow:

What we were concerned about is that we would not be able to invest in some alternative energy project because it was sponsored by or co-invested with a traditional fossil fuel company. Our comment about Bord na Mona or the ESB, to give an example, was not about whether we invested in such a company, but to make sure that we still had the flexibility to do so.

The Deputy's second point was the one we were making, namely, that we invest indirectly in SMEs. We lend money to a platform or third party which then onlends to SMEs. In that case, we are conscious that there are many SMEs who, under the current definition, would be defined as fossil fuel companies and so excluded. This would be oil carriers and so on.