Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

Last week in the Seanad, I indicated that the new provision inserted in the National Treasury Management Agency (Amendment) Act 2014 by the Fossil Fuel Divestment Bill 2016 would have to be commenced separately by a commencement order under the 2014 Act. I have been informed that, in fact, the obligations imposed by the Fossil Fuel Divestment Bill will come into effect immediately on enactment. I am happy to take this opportunity to correct the record and confirm that the Bill will have effect as soon as it is enacted.