Finance Bill 2026: Committee and Remaining Stages Dail Éireann — 2026-06-17 ============================================================ Pearse Doherty (SF), Donegal I need to put a few home truths on the record here because the Minister of State cannot get away with that. He cannot continue to come in here and say that carbon tax revenue is all going to fund X, Y and Z. Does he seriously think the Comptroller and Auditor General is lying, or does he just want to ignore what the Comptroller and Auditor General has said in his reports? Let us have an honest conversation about this topic. The Comptroller and Auditor General has said very clearly that hundreds of millions of euro being brought in from carbon tax cannot be identified as going to any of the intended causes: retrofits, climate change and social welfare payments. The carbon tax cannot be identified as going to those ends. This amounts to hundreds of millions of euro. This is not Sinn Féin speaking but the Comptroller and Auditor General before the Committee of Public Accounts. It is in black and white and there for everybody to see. I ask the Minister of State to stop spouting the stuff he is saying because it is not true. We have shown the Government time and again not only how it can deliver retrofits and environmentally-friendly programmes but that it can do so in a better way that is not a transfer of taxpayers' money to people who are already wealthy, those who can already afford to buy their electric vehicle or do the deep retrofit, and still get the grants. We need to make sure that more of that money flows into the households that cannot afford to do this, and that is why we need to see a restructuring of the grants. We also need to see more money spent on these programmes and we do not need carbon tax to do this. The Government could look at other types of tax. I have a novel idea for the Minister of State in this regard, and I ask him to think about it for a second. Stop picking the pockets of my neighbour, who cannot afford an electric vehicle, and pick the pockets of the banks, which made €3 billion in profits last year. The Government allowed them to pay 1% in tax. Why not do this? Why not let the banks fund energy retrofits? Why is the Government picking the pockets of my neighbour? The Minister of State spoke about what this legislation is about and that the energy crisis has been created by the war in Iran. Of course, the latest version of this has been created by the war in Iran. Nobody disputes that and, hopefully, some of this will settle but it does not let the Government off the hook. This Government is instrumental in driving up the costs of gas, electricity, petrol, diesel, home heating oil, a bag of coal and a bale of briquettes. It has been doing this every year for the past six years and it plans to continue doing it for the next four years. It is in the legislation. It is what the Minister of State is asking me to vote for. I am not voting for it because it is not just Trump and his antics driving up these costs. The Government is driving up these costs. This legislation is driving up these costs. How am I supposed to turn around to people in Gweedore, Letterkenny or Killybegs on 1 August and explain to them how the hell, under God, I voted for legislation that put up the price of diesel by 32%? They will think I do not understand what they are dealing with at the minute. That is what the Minister of State is asking me to do, and I am not doing it. I am also calling out the Minister of State because some of the stuff he is saying is simply not true. If we want to have a debate, then let us have an honest debate. I ask the Minister of State, however, to please acknowledge what the Comptroller and Auditor General has said, namely that hundreds of millions of euro of carbon tax is not ring-fenced for the intended purposes. If the Minister of State wants, I will quote exactly what he has said. Between 2020 and 2023, the Comptroller and Auditor General cannot say where more than €500 million has been spent in terms of the intended projects. The Government keeps on saying that the carbon tax revenue is ring-fenced for these measures when it is not. Does the Minister of State want to stand there and say that the Comptroller and Auditor General, and his office, is simply wrong and misleading the public and the Dáil? If the Minister of State is not willing to stand there and say that, I ask him to stop misleading the Dáil and the public, and to have an honest debate in relation to where carbon tax goes. --- Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted. Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-17/debate/main Retrieved: 2026-09-21T01:01:09+00:00 Sitting date: 2026-06-17