Oireachtas Joint and Select Committees
Tuesday, 4 July 2023
Joint Oireachtas Committee on Climate Action
General Scheme of the Gas (Amendment) Bill 2022: Department of the Environment, Climate and Communications
Mr. Noel Regan:
The Minister, Deputy Eamon Ryan, cannot have any controlling influence on GNI as a shareholder. He will be a 5% shareholder. However, there is a specific carve-out, whereby he has no role whatsoever, nor does the Minister for Public Expenditure, National Development Plan Delivery and Reform, in the board appointments. That is solely for the Minister for Housing, Local Government and Heritage, who exerts control. The controlling 90% rests with the Minister for Housing, Local Government and Heritage. There are provisions to safeguard that. Our Minister has no power.