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Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: What is the deal? Will the witnesses explain the deal in a case where a nature trust with directors to whom it is accountable buys land? Has Coillte done a lease scheme or what type of scheme is done whereby Coillte is to manage these forests? Coillte was never a manager of forests; it owned all of the forests.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: The big headline that Coillte is going to buy 100,000 ha of land is pure BS? It is basically a statement coming out. Coillte is going to be the forest manager, where investment companies are going to be drawing the new grants that are coming out. Is that fair to say?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: I will tell Ms Hurley what the scale is. The scale is the small farmer in areas where private investment companies, not Coillte, will be coming in. Coillte will be running the forests and competing with those farmers while the investment companies will be drawing grants now that Coillte never drew before. That is the reality. Will the witnesses tell me-----

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Can Coillte not go to the EU or the investment banks? Will they not give Coillte money?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Coillte is a manager.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: If I am the manager of a hotel, I do not own the hotel, to be clear. I manage it and I run it.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: I was reading Coillte's financial statement. What is Nature Partners? Is it a company?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Why does Coillte have no shares in that?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Coillte has stated it has no shares in it or no holding in it.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Does that entail buying land as well?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: To summarise, what I can see happening is, due to the 30,000 ha Coillte will be rewetting, there will be a battle around the country for land. Coillte now has investment companies coming in that ordinary farmers will not be able to compete with. It is a sad day for those with average land in rural Ireland. Farmers who are trying to survive on it will not be able to do so because they will...

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: When did Coillte decide the strategy? How long is it on the go? Could Ms Hurley please give me a year?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Okay. When did Coillte make the Department of Agriculture, Food and the Marine and the Minister aware of what it was doing? Was it two years ago?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: The question I asked is when Coillte made the Minister aware of what it was doing.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Would the Minister have been aware Coillte was using investment funds two years ago? "Yes" or "No".

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: When?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Yes, but when?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Yes, but when was that, roughly?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Was it early on in the year?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: I know that, but I am just asking a simple question. When did the Minister know?

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