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

ISIF is only applying that to the €288 million - the producers and processors. The €30 million applies to the €288 million figure. The €1 billion that we are talking about relates to the €3.5 billion in the global assets under ISIF's aegis. There could be a company with an investment of X amount. The company may require a figure of multiples of that amount in order to exit because the fund or company is captured by this definition.

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