Seán Sherlock (Cork East, Labour) | Oireachtas source

I wish to continue on that theme. If I set aside the nature trust and the fact that corporates are piling in to the not-for-profit sector, it is good for ESG and for Coillte. That is where the game is at globally. It is all about ESG for corporates. That is fine. I can understand that. The new joint venture partnership, which I will call a special purpose vehicle, Coillte is considering setting up or is about to set up is a good way along the road. The process is not nascent or under consideration. It is very active. If I am reading Ms Hurley correctly, the legislation allows Coillte to do that or, at least, the legislation or the Act with regard to notification of what Coillte proposes to do may be silent. I do not know.

I have not gone through the Forestry Act with a fine-tooth comb, yet, but I am sure the witnesses can anticipate we will. The answers we are getting suggest something is being is being created, about which exactly Coillte is not at liberty to tell us, but the dogs here on the street know exactly what is being created, with whom, and its purpose. We have been around the around the houses and I ask for clarity. Does such a vehicle impact on Coillte's pre-existing footprint? Is this fund or special purpose vehicle with regard to the additional footprint or does it affect the entirety of the Coillte estate?