Oireachtas Joint and Select Committees

Tuesday, 27 June 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Fossil Fuel Divestment Bill 2016: Discussion

4:00 pm

Mr. Kieran Bristow:

We have a prior example of this. There is legislation around cluster munitions but it does not state which companies come under the definition. We have essentially taken the definition of cluster munitions and have identified several companies or shares that we should not hold. Our working hypothesis is that we would do the same with this Bill. Once it is passed, we would attempt to identify all the companies which would come under its remit. In some sense, if we want to sell out of them, we would have to identify every single holding anyway. We were able to do that with the cluster munitions legislation.