Coillte and British Investment Fund Joint Venture Must be Stopped – Daly

Sinn Féin TD for Kerry Pa Daly is calling on Minister Charlie McConalogue to intervene in the planned merger between Coilte and a British Investment Fund.

Sinn Féin Deputy for Kerry Pa Daly TD, has called on the Minister for Agriculture to stop Coillte entering into a joint venture immediately with a British investment fund.

“My colleague Matt Carthy TD raised concerns about this venture last November and reference the experience of the Scottish forestry sector which experienced ‘an explosion of corporate ownership’ in the sector ‘at the expense of local communities,’ said Teachta Daly.

“A good forestry strategy delivers for the environment, for local communities and the economy – Coillte’s proposed joint venture will deliver none of these,” he continued.

Motivated by Profit

“This venture seems to circumvent existing rules prohibiting Coilte from receiving state subsidies for afforestation by partnering with a company that will be motivated primarily by profit rather than climate or biodiversity objectives.

“Bizarrely, a key part of the proposed venture includes the sale of up to 12,000 hectares of existing forestry under Coillte management.

“The only reason government would support this venture is crystal clear – to cover their own failures.

Longstanding Implications

“The government, with a Green Party minister having responsibility for forestry, have failed to come close to their own afforestation targets of 8,000 hectares per annum.

“In fact, they reached just 30% of that target in 2022.  The failures of this government in this respect will have longstanding implications for Ireland’s Climate Action obligations.

“What amounts to a massive sell-off of state lands to foreign private investors is the product of this governments failure to deliver on forestry – and the price in the medium-to-long term will be borne by and in local economies, communities and the environment.

Oireachtas Committee on Agriculture

“I am also particularly concerned of the effects this venture could have on our domestic commercial forestry sector, and knock-on effects it could have on their ability to support our farmers re-enter the sector.

“This is something that the Oireachtas Committee on Agriculture wished to examine, and I am calling on Minister McConalogue to intervene and delay this venture from proceeding until the committee completes its considerations.

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