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 John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

The bank referred to a global figure of €36 million, and the figure for debt instruments was €252 million, totalling €288 million. Out of the €3.5 billion, it was stated the figure was €30 million. It was said that the figure on the Irish side was nil and that, to deal with the €30 million in terms of sales, one is looking at 0.5% to 1% in terms of costs. It was said that if there was a definition included at that stage, it would deal with the issues the Minister of State is talking about. Those that are down the pecking order, as the Minister of State described, may very well be placed into a category or under a definition that would exclude them. Maybe it is a definition that we have to consider. Those are certainly the figures we got earlier. Could we have a note on this?

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