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Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Joe O'Reilly: I welcome the Minister. Fine Gael welcomes, in principle, the tightening of regulation and structures that improve it. Our amendments will be proposed in support of the principle of regulation and its improvement. Not only did we have light touch regulation; for years we had almost no regulation. There is a trail of human misery and people throughout the country are suffering hugely as a...

Seanad: Central Bank Reform Bill 2010: Second Stage (6 Jul 2010)

Joe O'Reilly: The Senator should support our amendment.

Seanad: Road Traffic Bill 2009: Second Stage (Resumed) (29 Jun 2010)

Joe O'Reilly: At the outset I acknowledge the reduction in road deaths in recent years, and express my pleasure in that regard. I acknowledge the Minister's commitment and contribution to that as well as the input from the breathalyser legislation. There is a remarkable change in our culture and in our attitude to drinking and driving which I also acknowledge and welcome. Second Stage is an appropriate...

Seanad: Road Traffic Bill 2009: Second Stage (Resumed) (29 Jun 2010)

Joe O'Reilly: Could each of the three of us have seven minutes?

Seanad: Road Traffic Bill 2009: Second Stage (Resumed) (29 Jun 2010)

Joe O'Reilly: Could the Chair silence Senator Wilson?

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (29 Jun 2010)

Joe O'Reilly: I move amendment No. 1: In page 5, after line 53, to insert the following: "(6) No carbon revenue levy is payable by an electricity generator that has purchased the full value of their carbon allowances available to them until the end of 2012 in a commercial transaction.". The logic behind this amendment is that it is very unfair to expect a new entrant to come into the market on the basis of...

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (29 Jun 2010)

Joe O'Reilly: That is the point of my amendment.

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages (29 Jun 2010)

Joe O'Reilly: I join the Leas-Chathaoirleach in welcoming our visitors from Australia. I am disappointed the Minister is unable to accept the amendment or the spirit of the amendment and come back with an altered version. I do not see that the matter merits further elaboration. I have put the argument and I do not see the point in rehashing it.

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages (29 Jun 2010)

Joe O'Reilly: Without repeating the argument, I want to use Senator Walsh's last phrase, belling the cat. Perhaps the Minister can give us an assurance that, without accepting the amendment, he will examine the question and see if there is a method of creating fairness. I take his point on market forces but this is outside the control of the company. The potential for it to happen existed but there is...

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages (29 Jun 2010)

Joe O'Reilly: While I accept the Cathaoirleach's ruling arising from Standing Orders and its objective legitimacy, it is a pity Members are unable to debate the proposed amendment because it was an attempt to return more of the unearned profits directly to consumers, reduce costs and charges to consumers and lower energy prices. While drawing Members' attention to my party's advocacy of this legislation,...

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages (29 Jun 2010)

Joe O'Reilly: Hear, hear.

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages (29 Jun 2010)

Joe O'Reilly: That is encouraging in the context of what we are trying to achieve. It is fair. How often does the Minister propose to conduct the review? Would it be an annual review?

Seanad: Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage (Resumed) and Remaining Stages (29 Jun 2010)

Joe O'Reilly: I endorse the remarks of Senator Walsh and thank the Minister for his engagement with the arguments made. He does so on all occasions when he attends. I also thank the civil servants who accompany the Minister. I thank my colleagues, Senators Coffey and Buttimer, who took Second Stage of the legislation for me last week because I was away. I regret I was not present for the entire debate....

Seanad: Order of Business (Resumed) (17 Jun 2010)

Joe O'Reilly: When one thinks of the pain the people experienced when €4 billion was taken out of the economy in terms of income reduction and services etc. and that we threw €22 billion into Anglo Irish Bank, five times that amount, it necessitates a full debate in this House on the terms of reference of the banking commission and also on Anglo Irish Bank. Senator O'Toole was correct when he stated...

Seanad: Confidence in the Taoiseach: Motion (16 Jun 2010)

Joe O'Reilly: I support the motion of no confidence in the Taoiseach in response to the findings of Regling and Watson in their banking crisis report.

Seanad: Confidence in the Taoiseach: Motion (16 Jun 2010)

Joe O'Reilly: This report, with that of Mr. Honohan, states, "Fiscal policy, bank governance and financial supervision left the economy vulnerable to a deep crisis, with costly and extended social fallout". The findings reiterate Mr. Honohan's conclusion that Government's policy, under the direction of the Taoiseach, left the "public finances highly vulnerable to a downturn". The reports do not reveal new...

Seanad: Confidence in the Taoiseach: Motion (16 Jun 2010)

Joe O'Reilly: That is an erroneous red herring.

Seanad: Confidence in the Taoiseach: Motion (16 Jun 2010)

Joe O'Reilly: That is not accurate. It should be removed from the record.

Seanad: Confidence in the Taoiseach: Motion (16 Jun 2010)

Joe O'Reilly: That is not true.

Seanad: Confidence in the Taoiseach: Motion (16 Jun 2010)

Joe O'Reilly: We just want the truth.

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