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
Michael D'Arcy (Wexford, Fine Gael)
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The current policy is that is the case. It is the current legislation. The NPRF has the opportunity to invest in a company to get the maximum return. ISIF funding is divested from the global pot to invest in Irish companies that provide Irish jobs. ISIF will implement the policy. The policy is based on legislation. It is determined now in the new political arena here. Whatever the decision, the Government does not now have the opportunity to say "Yes" or "No" to this, as the Deputy knows. The matter will be decided by the parties involved if it goes to the floor of the Dáil.