Results 9,541-9,560 of 34,942 for speaker:Seán Fleming

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: I will open the floor to other members now. Deputy Catherine Murphy is first. We will take the same sequence as this morning.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: You can have as long as you want once the questions are on topic.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: We should be able to get that information. We will write to the NTMA and ISIF for its shareholding and cost. The NTMA has investments in all sorts of industries and appendices of all of its investments at the back of its book every year.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It removed its tobacco, munitions and non-ethical investments recently. It publishes a list. It is a very simple point with regard to ISIF.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It might even be in it. We will ask the secretariat to make immediate contact with ISIF for this information. We hear something is State backed but we have no idea whether that is a 1% shareholding or a 31% shareholding and I would love to know.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Earlier Mr. Ó hÓbáin said at the end of 25 years if they walk off the pitch, it will be valued and we will buy it back at the value of the product or they can roll it on.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: There is no need to give it by year but Mr. Ó hÓbáin could set it out generally.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: I still did not get my proposal of a plus one channel for RTÉ 2 accepted yet.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Is the channel on its way? When will we get to ring the bell?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: We will come to cybersecurity in a moment. Broadband dominated today. It was said that the gap-funded model was used for the first broadband scheme. Could the witnesses refresh our memory on what scheme that was?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: What happened at the end of the five years? Did it work out?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: I might ask the Comptroller and Auditor General if any other Department used the gap-funded model on the same basis as we are talking about here where the infrastructure is in the ownership of the contractor as opposed to the State.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Mr. McCarthy can come back to us if he finds anything. What if the contractor goes bust and walks away after two or three years? What is the fall-back for the State? Are there guarantees or bonds from the investors? I know we do not want to think about it but things do happen. We have seen it with Carillion so it is not impossible that something could go wrong.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Okay, that is fine. Mr. Griffin mentioned he looked at the cost of purchasing Eir’s assets. Somebody asked if he looked at buying them back and he said he had a look at the value of them. The assets have changed hands four or five times in recent years. One would find out what the company is worth in a split second if one looked at the market capitalisation.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Who did the Department get to do that?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Who were the advisers?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It was an internal desktop exercise.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Before we deal with cybersecurity, Mr. Griffin sent us a document last night, which we call No. 177A. He asked us not to publish it. It was part of the briefing material.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: Yes.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

Seán Fleming: It is a 13-page document. This morning we decided we would note it and discuss it but not publish it, in deference to Mr. Griffin’s request, but we asked him to reconsider it.