Oireachtas Joint and Select Committees
Tuesday, 20 June 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Ireland's Trade Relationship with Canada: Discussion
Mr. Chris Collenette:
Number one, I am not aware that is a Government of Canada initiative and I highly doubt it is. Number two, the ICBA as an organisation has not been included or involved in that particular campaign. On fossil fuel promotion or use generally, I think we are all in agreement this is something that has to be dealt with and reduced responsibly over the coming decades, but it is also something we are not going to be able to get off altogether anytime soon. If we look at the Canadian footprint for traditional fuel exploration and whatnot in Ireland, the only refinery in Ireland, which is a strategic asset of the Government, frankly, is owned by a Canadian company called Irving Oil. It had committed to coming here and operating, and there are strategic reasons that refinery should continue to stand. Irving is a member of our organisation and a supportive one at that. Nephin Energy and Vermillion Energy are operating the Corrib gas field, which provides over 60% of the gas to homes in Ireland. Nephin is ultimately owned by the Canada Pension Plan. That again is a significant investment and of importance to the country.
You have to be living under a rock to believe fossil fuels are not contributing to an increasing carbon footprint and climate change. However, we are not in a situation where we can just turn them off right away and, like anything in life, we would like to take somewhat of a balanced approach to it. I hope that answers the Deputy's questions.