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

Mr. Kieran Bristow:

In essence, we would have to sell all the €3.5 billion. While the percentage cost does not sound a lot, because it is a percentage cost now of in excess of €3 billion the actual money amount is quite large; it is in the tens of millions of euro. That is only if we were asked to do it relatively immediately. We expect to realise it over the next five years and that there would be no additional cost given the current timescale in the Bill.

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