Banking Sector Data

Dáil Éireann Debate, Thursday - 26 November 2020

Thursday, 26 November 2020

Ceisteanna (149)

Denis Naughten

Ceist:

149. Deputy Denis Naughten asked the Minister for Finance if State-owned banks are investing in or lending to companies directly involved in fossil fuel extraction; if so, the extent of such commercial activities; and if he will make a statement on the matter. [38842/20]

Freagraí scríofa

Minister for Finance

Officials in my Department requested a comment from the relevant banks in relation to the Deputy’s question and received the following responses in this regard:

AIB:

“As part of AIB’s sustainability agenda, the bank does not provide term finance or advisory services to entities involved in the extraction of oil and coal, onshore and offshore exploration and natural gas fracking. Furthermore the bank does not have material exposures to these activities.

AIB’s full Sustainability Exclusion List is published on its website

https://aib.ie/corporate/sector-expertise/excluded-activities"

PTSB:

“Permanent TSB does not invest in or lend to companies directly involved in fossil fuel extraction.”

Question No. 150 answered with Question No. 86.

Question No. 151 answered with Question No. 72.

Question No. 152 answered with Question No. 86.