Mr. Kingsmill Bond:

I thank Senator Horkan. That is an apposite comment.

My understanding is that according to the most recently publicly available information, €131 million has been invested in fossil fuel companies globally.

With regard to the second point, this is a tremendous opportunity for Ireland, as a country which does not have much in the way of fossil fuels, and which has a relatively low population density and, therefore, a large natural endowment of renewable technologies relative to the population, to steal a march in this industry and sort out the myriad problems in software and services surrounding the electricity and transport systems. It is not easy and many companies have failed and will fail, but if the country as a whole took the lead in the implementation of these technologies, it could turn out to be extremely lucrative and provide global leadership.