National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020
Public bill · Government · Presented
Raises the levy on petroleum products into a fixed legal charge of 2 cent per litre, and lets part of that money be redirected from oil-reserve work into a new Climate Action Fund. That fund can support projects, research and other work to cut emissions, grow renewable energy, improve energy efficiency, and help communities and sectors affected by the move to a low-carbon economy. It also gives the State’s treasury agency a role in handling short-term cash needs for NORA and Irish Water, and makes a few related changes to biofuel rules and charges.
Formal long title
Bill entitled an Act to extend the purposes for which the levy on relevant disposals of petroleum products is paid; to amend and extend the objects, functions and powers of the National Oil Reserves Agency; to set the rate of the levy on relevant disposals of petroleum products; to make provision for the Minister for Communications, Climate Action and Environment to give a direction to the National Oil Reserves Agency in relation to the payment by it of an amount of the proceeds of the levy on relevant disposals of petroleum products collected and recovered into the Climate Action Fund; to establish the Climate Action Fund; to set the rate of the biofuel levy; to make certain other amendments in relation to biofuel obligations; for those purposes to amend and extend the National Oil Reserves Agency Act 2007; to provide for the provision by the National Treasury Management Agency of central treasury services to the National Oil Reserves Agency and Irish Water and for that purpose to amend the National Treasury Management Agency (Amendment) Act 2000; and to provide for related matters.
Last updated 30 July 2020
- Minister for Communications, Climate Action and Environment Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- Cream ListDáil Enacted
- EnactedEnacted
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: From the Seanad Dáil
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Second Stage Seanad
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Committee and Remaining Stages Seanad
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Committee and Remaining Stages Dáil
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Order for Second Stage Dáil
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Second Stage Dáil
- National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Financial Resolution Dáil