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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: We just dealt with the amendment.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: As regards the investment strategy here, we have been told in the past when we have raised the issue of divestment by the NTMA from the occupied territories that this Bill would show how the NTMA would ensure that appropriate investments are made. However, there is nothing in this legislation that stipulates clearly that we would not have a repeat of what the NTMA is doing with other...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: Does the Minister believe that the letter of expectation will address the issues I raised, particularly the strategy of ISIF, which is currently investing in companies that are involved in the illegally occupied territories? As we know, millions of euro in taxpayers' money is being invested there. Notwithstanding the divestment of about a quarter of the portfolio, does the Minister believe...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: On a point of information, the Minister says we are not dealing with the ESG risks, but the legislation does deal with one of them, namely, fossil fuels, which is welcome, but the precedent is set here to deal with ESG risks. It is not about leaving it up to the NTMA.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: The legislation does deal with an ESG risk. It precludes the NTMA from investing in fossil fuel companies where the fund would have anything above 15% of a portfolio involved in fossil fuels. The legislation has set a precedent to allow us to stipulate ESG risks. Therefore, as to what Deputy Boyd Barrett and I have said about the occupied territories, the support for the occupation of Gaza...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: On section 8, this is probably where the real meat is with regard to the legislation because we are being asked to pass legislation here which stipulates a percentage of our economy, where it has been drummed before into everybody in the finance committee that GDP is not the measure of our economy but GNI* is and we all use that reference now. When we are dealing with this legislation,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: Okay.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: I am dealing with this section. I would ask that I might be allowed to finish my sentence, if that is okay. The €4 billion will increase but the point is that the Minister has three options. The Minister can put in the €4 billion, put in €2 billion, which is half of that, or put in zero. There will be scenarios where one does not have the surplus that allows the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: Is this the voting block?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: I cannot see us being back here before 9 p.m. because there are five votes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: There are two votes but they are doubles as there are amendments, so there are four votes. There is also the vote that has been called now. I do not think the committee will get this Bill finished.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Pearse Doherty: The point I am making is that if we suspend for 20 minutes-----

Petrol and Diesel Excise Rate Increases: Motion (Resumed) [Private Members] (30 Apr 2024)

Pearse Doherty: I thank everybody who contributed to the debate on petrol and diesel prices. This is not the first time that we have brought a motion like this before the Dáil. We also brought one last September. It would be remiss of me not to address some of the hot air that we were getting from the Rural Independents. I am glad that they have left because things have cooled down a wee bit....

Petrol and Diesel Excise Rate Increases: Motion (Resumed) [Private Members] (30 Apr 2024)

Pearse Doherty: What do they say to the businessman who says he has to let an employee go because his business cannot survive in this environment? It is the Government and the Minister for Finance who have decided to increase excise duty to a point where we can no longer survive. The Government is silent on this issue. I appeal to everybody who has the backs of ordinary people across this State to support...

Petrol and Diesel Excise Rate Increases: Motion (Resumed) [Private Members] (30 Apr 2024)

Pearse Doherty: That is not true.

Petrol and Diesel Excise Rate Increases: Motion (Resumed) [Private Members] (30 Apr 2024)

Pearse Doherty: That is not true.

Petrol and Diesel Excise Rate Increases: Motion (Resumed) [Private Members] (30 Apr 2024)

Pearse Doherty: We did not say that.

Petrol and Diesel Excise Rate Increases: Motion [Private Members] (30 Apr 2024)

Pearse Doherty: I move: That Dáil Éireann: notes that: — AA Ireland's latest monthly Fuel Price Survey has reported a surge in petrol and diesel prices over the recent period; — these are the highest prices reported in 2024, with almost a 13 cent increase in petrol and a 9 cent increase in diesel since January 2024; and — fuel prices have risen by more than 30 per cent...

Written Answers — Department of Finance: Tax Data (30 Apr 2024)

Pearse Doherty: 250. To ask the Minister for Finance the number of residential units subject to the 10% rate of stamp duty with respect to the acquisition of certain residential property where a person acquires at least ten such units during a 12-month period, disaggregated by county in which the property was located, in each of the years 2021, 2022, 2023 and 2024. [19509/24]

Written Answers — Department of Finance: Tax Data (30 Apr 2024)

Pearse Doherty: 251. To ask the Minister for Finance the number of residential units subject to the 10% rate of stamp duty with respect to the acquisition of certain residential property where a person acquires at least ten such units during a 12-month period; the total number of purchasers; and the total value of stamp duty paid, in each of the years 2021, 2022, 2023 and 2024. [19512/24]

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