Billy Timmins (Wicklow, Fine Gael)
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Question 106: To ask the Tánaiste and Minister for Finance if the national reserve pension fund has funds invested in companies that manufacture cluster munitions or components for such munitions; if so, the figure for same; and if he will make a statement on the matter. [13616/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
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It is Government policy to campaign for a complete ban on the use of cluster munitions and my colleague, Mr Dermot Ahern, TD, Minister for Foreign Affairs, is working to bring to completion negotiations on the first-ever instrument of international humanitarian law specifically directed against cluster munitions.

I have raised this issue with the National Pensions Reserve Fund Commission and the Commission has agreed to exclude companies involved in the manufacture of cluster munitions from the Fund. It is currently in the process of implementing this decision.