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 referring to dealing with investment policy in terms of climate change. The Bill would have a major impact on the fund, its work and how it is managed. We have outlined the potential unintended consequences. ISIF will take instruction from the Parliament, because the Parliament will decide on policy. If we want to prevent ISIF from participating in peat-burning stations somewhere, the Parliament can do that without this Bill.

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