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

Michael D'Arcy: No, I am saying that the legislation could have a major impact with unintended consequences.

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

Michael D'Arcy: I asked the managing director of the company whether the company had ever done work for a fossil fuel company. It has. It is approximately 3% of the work of the company. The company would be affected. The company does a small amount of work for fossil fuel companies but it is affected. If that company was fortunate enough to get funding from the Strategic Banking Corporation of Ireland,...

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

Michael D'Arcy: I apologise. It does a very small amount of work, less than 3%. Anyway, the company would be excluded.

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

Michael D'Arcy: What we are saying is that it is not the correct vehicle to impact on climate change. The unintended consequences could be grave. I realise Deputy Pringle is saying he would like to have SMEs exempted. However, that would depend on the legislation and what is changed. Let us suppose the Bill is passed on Committee, goes back to the Chamber and everyone is satisfied. A vast quantity of...

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

Michael D'Arcy: Sorry, I did not catch what the Deputy said.

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

Michael D'Arcy: Sorry, can Deputy Pringle say that again?

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

Michael D'Arcy: What we are saying is that this is not the method to deal with it.

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

Michael D'Arcy: I am referring to dealing with investment policy in terms of climate change. The Bill would have a major impact on the fund, its work and how it is managed. We have outlined the potential unintended consequences. ISIF will take instruction from the Parliament, because the Parliament will decide on policy. If we want to prevent ISIF from participating in peat-burning stations somewhere,...

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

Michael D'Arcy: By legislation.

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

Michael D'Arcy: Yes.

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

Michael D'Arcy: The problem is that we believe there is such a wide definition. We believe that is an error. It is as simple as that. We do not believe this is the way to deal with it. If the Deputy were to decide to come in with an anti-peat burning Bill it would be considered. We do not think, however, that that is the method.

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

Michael D'Arcy: The Department would certainly be happy to sit down and discuss these matters. The background of ISIF is good. I am slightly concerned that terms like "dangerous industry" and "dirty fuels" were used in the Deputy's absence. ISIF has a good track record in the level of investment. It is divesting in the areas that have their head in the sand when it comes to progressing to a low carbon...

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

Michael D'Arcy: We will provide that information.

Written Answers — Department of Social Protection: Domiciliary Care Allowance Appeals (22 Jun 2017)

Michael D'Arcy: 204. To ask the Minister for Social Protection when an appeal for a domiciliary care application will be processed and decided upon for a person (details supplied) in County Wexford; and if she will make a statement on the matter. [29274/17]

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Michael D'Arcy: I was in the Seanad for long enough.

Seanad: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Second Stage (21 Jun 2017)

Michael D'Arcy: I thank all Senators for their good wishes. Senator Ó Clochartaigh is the only Member present with whom I served in the former Seanad. I got on very well with him and really enjoyed my time in this House. The Government accepts the bona fides of the Bill. Our objective is to ensure that we put an appropriate Bill in place and the reason we do not want it going through all Stages is...

Written Answers — Department of Health: Mental Health Services Provision (20 Jun 2017)

Michael D'Arcy: 1056. To ask the Minister for Health the mental health services available for young persons in County Wexford under 18 years of age; his plans to increase same; and if he will make a statement on the matter. [26723/17]

Resignation of Taoiseach (13 Jun 2017)

Michael D'Arcy: Hear, hear.

Written Answers — Department of Transport, Tourism and Sport: Road Network (10 May 2017)

Michael D'Arcy: 59. To ask the Minister for Transport, Tourism and Sport the actions required for the M11-N11 junction 4 M50 to junction 14 Coynes Cross upgrade; if funding has been allocated for same; and if he will make a statement on the matter. [21964/17]

Topical Issue Debate: Special Educational Needs Service Provision (9 May 2017)

Michael D'Arcy: I thank the Minister. It is kind of a funny space to be in that the Minister has been given a reply to this Topical Issue debate that is wrong. That is a little bit of my criticism. The NCSE tells him that there is capacity for 24 students. There is that capacity in the education centre in Gorey, but it is in the wrong school. The school in question, which requires two units for 12...

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