Ms Karol Balfe:

I do not know whether Mr. MacEvilly wants to come in on any point around that. It is concerning, however, because the evidence and reality are clear. We have to have a full phase-out of fossil fuels and allowing for any undertakings is problematic in that way. Our research, which did not look at the heads of that proposal but more at the Fossil Fuel Divestment Act, indicates that indirect investment is troubling. It was excluded at the time but it essentially means the fund is saying that while we will not invest directly, doing so through hedge funds is completely fine. It undermines the spirit of what the Bill is trying to do. As we look at reviewing the divestment Act, we will hopefully make sure that those principles apply across the board. The other thing excluded from the Fossil Fuel Divestment Act at the time was agribusiness and making sure there was as wide a scope as possible that covers all climate-harmful activities.