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 asked the managing director of the company whether the company had ever done work for a fossil fuel company. It has. It is approximately 3% of the work of the company. The company would be affected. The company does a small amount of work for fossil fuel companies but it is affected. If that company was fortunate enough to get funding from the Strategic Banking Corporation of Ireland, then it would be excluded and 12 jobs would be put at risk for the lower rates - they are not cheap rates - potentially available. It is an example of the small high-value companies in rural Ireland that we keep hearing about and that need support. That support would be excluded because of this Bill.

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