Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

While absolutely accepting the bona fides of the Bill, we very clearly think this is the wrong method to deal with climate change. The ISIF fund evolved from the NPRF. Put into context, this legislation would have a direct investment impact on €288 million of assets. There would be an indirect impact on a further €1 billion worth of assets. We just do not feel this is the right method to deal with climate change. We think there are better ways of doing it. We just do not feel this is the right vehicle in which it should occur.