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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: I think that was the answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: My understanding is the point being made is that a transition period has to be developed for the SME sector in order to let that happen. It cannot be a straight line, and then that is it. There has to be a transition period where SMEs would be advised to observe the change in terms of their future and their own investment and direction. It is a sensible way to deal with the question that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: In this session we will hear from Mr. Kieran Bristow, Ms Emma-Jane Joyce and Dr. Paul Deane. I remind them of the statement on witness privilege that I read earlier.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: Does Deputy Pringle want to come in now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: There is a difficulty with agreeing on definitions that would suit everyone.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: I thank Deputy Pringle and all of the witnesses for their contributions. The Minister will join us for the next part of the meeting. I am obliged at this stage to take a five-minute break.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: We are joined by the Minister of State at the Departments of Finance and Public Expenditure and Reform, Deputy Michael D'Arcy. He is very welcome and I congratulate him on his appointment. He was a member of this committee so we all wish him well in his ministerial role. I invite him to make his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: I ask that the Department would give us a note on this because as Deputy Doherty has said, these figures were considered and, in terms of companies exposed, 153 were mentioned. Purely fossil fuel companies.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: The bank referred to a global figure of €36 million, and the figure for debt instruments was €252 million, totalling €288 million. Out of the €3.5 billion, it was stated the figure was €30 million. It was said that the figure on the Irish side was nil and that, to deal with the €30 million in terms of sales, one is looking at 0.5% to 1% in terms of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: We will now consider the discussion that we had today with the various groups that came in. The committee will make its recommendation as soon as possible as to whether we go forward and present our report. We will make that decision.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: That would be no problem. We are happy to facilitate that. We also expect to receive the information and figures requested from the Department.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Fuel Divestment Bill 2016: Discussion (27 Jun 2017)

John McGuinness: The meeting is now adjourned.

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: I welcome the opportunity to make a contribution on the Bill. I wish to read a comment into the record:The present plight of politics is the subject of constant and generalised comment, but comment on the legal profession, particularly the courts, is more careful, although no less cynical. Commentators are more fearful of the lawyers than the politicians. This is a very salient reality for...

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: The fact is that we will do irreparable damage to the judicial system if we continue the way we are going. We need to stop and think about the reforms we want. On some of them, I absolutely agree with what the Minister is saying, but we are going about it in the wrong way. In preparing for a debate such as this, one tends to Google. I read about the system in place in Canada and other...

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: I could equally ask the Minister. If the Minister is so clever about it and understands it so well, because he is part and parcel of the status quo, he might do something about it. He might do something about it because he knows more about this than I do. He probably knows more about it than the Minister, Deputy Ross, knows and that is why he is pulling the wool over his eyes on this...

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: He probably knows it as well but he has to go along with it to cover his backside because of the commitment in the programme for Government. What I say to the Minister, Deputy Ross, is not to be afraid of the guys and gals he sits around with in Cabinet. He should be himself as he always was and he will achieve a lot more because they are not up to scratch. They are attempting to pull the...

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: Including me, yes. I am Chairman of the finance committee. Does Deputy McGrath not sit there watching me do it?

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: And only for me, where would the Deputy be?

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: Deputy McGrath will have his time. He should take it easy. The fact of the matter is that that Bill explicitly excludes the Judiciary. There will be no more nasty forms for them to fill out like the ones the Minister, Deputy Ross, has to fill out on his returns, or which county councillors have to fill out. There will be no nasty forms like that for them. They do not have to report at...

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (28 Jun 2017)

John McGuinness: The Deputy can rely on the rest but I do not know what I will do.

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