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

I am not trying to paint a rosy picture. The National Pensions Reserve Fund had a single objective: to maximise funds on behalf of the Irish nation. The fund invested. Then, the strategy changed. It was altered and moved towards bringing the money home to invest in Irish companies to benefit Irish jobs. Without having made that decision years ago, we would not have an extra 220,000 jobs in the country at the moment.

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