Oireachtas Joint and Select Committees
Wednesday, 20 March 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Illegal Israeli Settlements Divestment Bill 2023: Discussion
Mr. Oliver Gilvarry:
I was not involved with that Bill, but we would have sought advice. When you look at different aspects of that Bill, and what is included, it is not reliant on a list. It is a type of framework. A particular point brought into that Bill is the concept of de minimis, which is included in the Fossil Fuel Divestment Act. It is first to give a procedure so that people know exactly what is in scope, but in particular an ability for the company still to be invested, if activity is below a certain level. More important is what we call pooled investments. You could have a situation where a small number of companies could, for example, have an exposure of €10 or $10, which would exclude you from doing anything in that pooled investment. That was one of the main points. We could look at it.
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