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:

Let us consider other legislation such as, for example, the Fossil Fuel Divestment Act. The NTMA operates once there is legislation in place. We could also consider the Cluster Munitions and Anti-personnel Mines Act 2008. The broader point is that we have a UN list. As I outlined earlier, however, there are issues with it. This also comes back to the concept of the Minister designating the list. When this legislation comes through, the NTMA will be subject to it and the funds it operates. The problem we have, and must be clear about, is that there are issues around fair procedure, property rights and the right to reputation. The Deputy has used some examples from the list. Even from our own analysis in recent months, we are aware of our reliance. Companies are not stating their amount of activity in Israel. It will be broken down on their accounts. The accounts might refer to activity in Europe, the Middle East and Asia. We are very reliant on NGOs, as is the UN for its list. That is why we have concerns about the list. I will give just one example. One of the reasons Tripadvisor is on the list is that when it takes bookings or shows accommodation options, it talks about the Israeli settlement in Palestinian territories. We understand it was put on the list because it does not inform consumers of the settlement's illegal status. Is that fair? That is our issue for this legislation, the Private Members' Bill. Is that fair? Is that enough?

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