Results 1,521-1,540 of 6,295 for speaker:Michael D'Arcy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: We will not apply a money message. We want to come to an agreement with the committee on the Bill.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I wish to respond to a number of the points made. In terms of SMEs, which were raised by Deputies Martin Kenny and Pringle, in the Government amendment we capture those companies that would be fracking. A fossil fuel company is defined as one which wholly or mainly engages in the exploration, extraction or refining of fossil fuels. Those companies are all covered. I wish to clarify that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: There is another unintended consequence I wish to mention. The State can potentially lose money through the global portfolio if the State is obliged to go into cash. There can be negative returns on that. Make no mistake, that is a fact. With interest rates at historically low levels for this period of time, if ISIF is obliged to move out of certain sectors and put money into cash it can...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 2:In page 3, line 13, to delete "section 2" and substitute "section 37".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 3:In page 3, line 13, to delete "new definition" and substitute "definitions".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 4:In page 3, line 14, to delete "enactment" and substitute "direction".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 5:In page 3, line 16, to delete "partly" and substitute "mainly".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 6:In page 3, lines 16 and 17, to delete “extraction, refining, processing or delivery” and substitute “extraction or refining”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 7:In page 3, line 17, to delete “fuels (geological deposits);”,” and substitute “fuels;”.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 8:In page 3, between lines 17 and 18, to insert the following:“ ‘fossil fuel’ means geological deposits of thermal coal and oil sands; ‘fossil fuel investment’ means an investment which is mainly in listed stocks and securities of a fossil fuel company;”,”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 9:In page 3, line 21, to delete “(7) Nothing” and substitute “(6A) Nothing”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 10:In page 3, lines 22 and 23, to delete “investment, direct or indirect,” and substitute “fossil fuel investment”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 11:In page 3, line 24, to delete "(8) Upon commencement of this subsection" and substitute "(6B) Upon the passing of the Fossil Fuel Divestment Act 2018".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 12:In page 3, lines 25 and 26, to delete ", directly or indirectly," and substitute "in a fossil fuel investment".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 14:In page 3, line 27, to delete "(9) The Agency" and substitute "(6C) The Agency".

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I move amendment No. 15:In page 3, line 29, to delete "commencement of this subsection" and substitute "passing of the Fossil Fuel Divestment Act 2018".

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: The cost of insurance working group’s report on the cost of motor insurance was published in January 2017 and makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are set out in an action plan. In line with the commitment to publish quarterly update reports on the implementation of the recommendations, the working group has published...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: They are not my figures but independent figures from the CSO. They are not from the Department or Insurance Ireland. They are independently assessed by the CSO. The Deputy should not mistake what he calls the lack of speed. We are not underestimating the importance of this issue. To demonstrate its importance, there are four legislative measures from the Department of Finance, three...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: With regard to younger drivers, I said in the House previously that there is an opportunity for young drivers to use a telematics device which can record the movement of their vehicles. To my disappointment a huge number of young drivers prefer to pay the extra amount rather than be on the system where their every movement is recorded in an appropriate way. I believe that in the future all...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: The cost of insurance will be halved for a young driver if he or she uses this device. However, very few people are taking it up.