Oireachtas Joint and Select Committees
Wednesday, 22 November 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion
Mr. Pat Leahy:
With regard to the legislation from Deputy Doherty's party, we need to make sure that it works. A broad policy approach needs to be considered by Government with regard to this, and I do not think anybody outside the House appreciates this. The seriousness of the situation or what is going on is not underestimated. It is more to make sure that we get a coherent policy approach. The arrival of these two new funds clearly is an issue to be talked about as well, and how they deal with this. There is also an issue on how the legislation progresses. Clearly, disinvestment is always an option but the legislation will still need to be dealt with in terms of how it will work or not work, as the case may be. It is a relatively complex issue, as Mr. Gilvarry said, and we are seeking to work through it to achieve the best outcome. We will be looking at the issue in more detail as the timeline for the timed amendment appraoches in early February. I will make sure the Government has a policy position on it.
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