State investment in occupied territories
Deputy O’Callaghan demands that the Ireland Strategic Investment Fund stop investing taxpayers’ money in companies operating in occupied Palestinian territory. The Tánaiste opposes such investment but refers to the Minister for Finance’s stated legal and commercial position and invites legislative proposals.
When is the Tánaiste going to stop our sovereign wealth fund from investing in companies that are trading illegally in occupied Palestinian territories?
Comment on this
These are matters for the individual funds. I am not aware of any current proposals in relation to those.
Comment on this
The Minister for Finance in a recent reply to me stated that €5.6 million of taxpayers' money is still being invested in companies operating in the occupied territories. The Tánaiste has absolutely no mandate - none whatsoever - to use our public money to invest in these companies. How can he justify this? Will he put an immediate end to this gross misuse of public funds? Will he instruct the Ireland Strategic Investment Fund to stop using our money to invest in these companies?
Comment on this
I certainly do not want to see investment in the illegally occupied Palestinian territories, much like I do not want to see trade with them. My understanding is that the Minister has set out the legal position in relation to how that fund operates. I will ask him to provide the Deputy with further information because he has policy responsibility in this area. The Minister for Finance has outlined to the House the commercial position in relation to this on many occasions.
Comment on this
I am not looking for more information about this. We have information from the Minister for Finance. I want the Government to act. Our public money is being invested against the wishes of the Irish people in companies operating illegally in the occupied territories. You are the Tánaiste of the Government. Will you pick up the phone to the Ireland Strategic Investment Fund and tell them to stop using our money in this way? Nobody supports it, and nobody wants it. Will you act?
Comment on this
The Minister for Finance has outlined the position in relation to that. It is always open to the Opposition to also bring forward policy and legislative proposals in relation to these matters.