Oireachtas Joint and Select Committees

Thursday, 5 October 2023

Select Committee on Communications, Climate Action and Environment

Energy (Windfall Gains in the Energy Sector) (Cap on Market Revenues) Bill 2023: Committee Stage

Photo of Darren O'RourkeDarren O'Rourke (Meath East, Sinn Fein)
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That comes as no surprise but it is deeply disappointing. Coupled with the earlier amendments we moved on the price threshold or cap, when we look at what other countries have done on this, it really reflects a very soft windfall tax. Just by the measure of fairness and moral responsibility, this falls short. We should look at what other countries have done. We discussed this on Committee Stage of the original Bill. We can do this. Other countries have done it and while it may be outside the scope of this Bill, it is certainly within the competence of Government to go further. It is been clear from the Minister of State and from the senior Minister when he dealt with this that the Government was not keen to do it. That is most regrettable.