Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion

Mr. Oliver Gilvarry:

I want to make a point on this. The nine-month timed amendment provides us with time to see how best to operationalise and approach this issue. As I said on the UN list, there have been issues with the UN list before. We have had changes to the UN list. Companies have come off, and no companies have gone on. We have to identify how this works, and that is what the timed amendment is doing. This is not something we are ignoring or delaying. There is significant work being done in the background, and there are a number of issues. As I said, we have engaged with the Joint Oireachtas Committee on Foreign Affairs and Defence on this, and we will await the report there. We have been engaging at a departmental level with the NTMA and ISIF on this, and significant work is under way. There are legal issues as well that have to be engaged with. We have been engaging with the Attorney General on this.

There are a number of different aspects to this, and that is not, as we have highlighted, to underplay the issues that are under way in the Middle East at the moment, and everything that is happening there. This is something that has to take place-----