National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Committee and Remaining Stages
Dail Éireann — 2020-07-16
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Eamon Ryan (GP), Dublin Bay South

I will address each question in turn. First, with regard to Deputy Naughten, there is money in a bank. That cannot be touched. Under the Bill, the existing revenues will be provided for the ongoing operation of the National Oil Reserves Agency, NORA, in subsequent years in its core business in terms of oil stocks and that cannot be touched. We only get money for climate action when this Bill is enacted. If we do not do this this week or next week, that will be €10 million less for climate action.

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Retrieved: 2026-08-14T04:48:26+00:00
Sitting date: 2020-07-16