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Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: May I ask about the NTMA’s investment in wave energy? There was a great belief that it would be the new gold for Ireland. It was going to feed the grid and be like Norwegian oil, manna from heaven or whatever. Is it too expensive to invest in or are we going ahead in a satisfactory way?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: Why not?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: No, I meant wave.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: However, the NTMA does invest in offshore wind.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: The NTMA does not think it is a great thing to invest in. Regarding NewERA, RTÉ is listed in that ambit in the NTMA’s briefing to us. How does the NTMA respond to the fact that RTÉ has not implemented its reforms, or so we are told?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: My final comment relates to Deputy Doherty's question. I agree that under no condition should we be investing in the murder of people on a mass scale. Obviously, the NTMA has stopped that. Does it have a general policy in that sphere? Just as it will have new governance structures in relation to the risk arising in the €5 million fraud, does it have a structure or a philosophical...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: Does the NTMA look to ethics?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: Therefore, the social impact of mass murder would rule it out.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: It would look similarly at rogue regimes and whatever might arise apart from what is happening with Israel, such as what somebody was going to use it for.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: The NTMA does not lend to governments, but-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Engagement with the NTMA on Matters Relating to its Operation (22 Jul 2025)

Joe O'Reilly: But it would have a code.

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