Oireachtas Joint and Select Committees

Wednesday, 20 November 2019

Joint Oireachtas Committee on Climate Action

Supporting a Just Transition: Discussion (Resumed)

Mr. Tom Donnellan:

It is clear that we had debt on an asset that needed to be repaid. The company was obliged to do it and the it did it. The company has restructured itself and is in a very strong financial position to meet all its financial requirements in respect of pensions and redundancy payments. On 16 October, we announced a planned investment of €1.6 billion. I do not see where there is an issue.

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