Seanad debates

Tuesday, 11 July 2023

Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Bill 2023: Committee and Remaining Stages

 

1:00 pm

Photo of Lynn BoylanLynn Boylan (Sinn Fein) | Oireachtas source

This is the second time this has happened.

On Second Stage last week, I asked the Minister of State, Deputy Ossian Smyth, to clarify.that the windfall tax would go to households and not to subsidising corporations.I highlighted that the Minister for the Environment, Climate and Communications, Deputy Eamon Ryan, has form in subsidising large energy users. In 2009 he set up a windfall tax on energy companies and in the midst of a global financial crisis, when households were on their knees, he worked with industry to give a subsidy to large energy users in the form of a carbon revenue levy fund. This amendment is looking for a report, within two weeks of the passage of this Act, to outline how the revenues will be distributed. This is to give the Minister of State, Deputy Ossian Smyth, the opportunity again to categorically say that none of this windfall tax will be used to subsidise large energy users when we know it is households that are crippled and need this support.

Comments

No comments

Log in or join to post a public comment.