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

Ms Emma Jane Joyce:

On the Irish side, from our analysis we have no current exposure to fossil fuel companies as per the current definition. We invest in a range of SME funds. Again, some of these are invested indirectly and are managed by a third party. There could potentially be future investments in those funds which could fall foul of this definition as currently worded in the draft legislation. To the best of our knowledge, we do not believe we have any direct or indirect exposure.