I did not say it.

I did not say that. I actually did not say that.

I know the Minister wanted me to say that and that is fine. I have no problem saying that but I did not say it. I did not work with the narrative of the Minister's script.

Let us be clear. The Minister has the power to do this now. He has the power to introduce a windfall tax on energy companies. He is refusing to do so. These companies are ripping off Irish customers left, right and centre. There is a decision the Minister has to take about which side he is on. He talks about the EU energy market but it does not stack up. The Irish energy market is not as integrated as that of other member states because we are an island nation.

There is a difference there in the first instance. That is a bit of a smokescreen in relation to an action. The reality is that the Minister does not want to do this. The European Commission has given him the power to do it and, of course, he should do it. Let us look at the last time we saw money collected. We know that €178 million is still sitting there. That was money that was supposed to directly support workers and families with the cost of electricity. I told the Minister earlier on. There are 320,000 famili…

It has come to light that the proceeds of selling off the State's assets in the form of the shareholding in AIB is still sitting with the ISIF and is losing value. How has this been allowed to happen under the watch of the Tánaiste and his predecessor as Minister for Finance? What action is he going to take to address it? This is a significant amount of money that is losing value at a time when the Tánaiste has been running around and telling people that they need to get a return on their own investments. We have m…

I have always been of the view that the State should have retained ownership of AIB. It was a mistake to sell off the shares. Fine Gael has a different ideological point of view and wanted the bank back in private ownership and is entitled to hold that opinion. However, the ideological position has come at a real financial cost. I think we can accept that now with the benefit of hindsight. The public AIB share was sold off at one of the worst times. When the Government started selling shares, they cost €2.32. They …

I appreciate what the Tánaiste has put on the record, that there was a reduction from €7.7 billion to a figure over €6 billion in the period of a year. However, it does not matter if the total is €7.7 billion or €6 billion. The money is sitting there and not making any return. It is in Exchequer notes, which means that the State is paying another organ of the State the 1%. It is making no return. It is financial mismanagement, on top of the fact that the Government sold the shares at one of the worst times. These s…

Who paid the interest? Was it the other organ of the State?

It is an Exchequer note, which means it is the other organ of the State. It makes a mockery of it.

This question is in relation to the sale of the State's shares in the banking sector. Will the Minister outline to the House the rationale he had for selling the shares? I acknowledge that parties are entitled to different ideological positions. Permanent TSB was never a strategic bank. I would rather have held the ownership of AIB within the State, but Permanent TSB has the potential to be a third force in banking in the State. Will the Minister outline the rationale and also the safeguards that are in place to pr…

I did not think we would reach it.

I appreciate that.

The Minister mentioned the policy objective to return the banks to private ownership. I mentioned earlier that the State should have retained its position as a majority shareholder in AIB. It is not unique, as I am sure the Minister knows, for countries across Europe to be the majority shareholder or a significant shareholder in significant banks. It happens right across Europe, including in France and Germany. Many western European countries have that model, so the idea of the State having a share or a majority sh…

The Minister is aware that a number of taxation and levy measures flowed from the fact that the State rescued these banks at a time when they were literally bankrupt and bankrupted the State with their activities. The Government has already overturned some of those, for example, the salary caps within banks. There is a prohibition on bonuses or at least there is an excess charge that applies in terms of a 45% additional USC charge on any bonuses that are paid out above a certain limit. There are other restrictions …

Before I turn to energy costs, I welcome the release this morning of Irish citizens who were illegally detained on the Gaza aid flotilla. Their illegal detention and treatment by Israeli forces was disgraceful, as were the actions and rhetoric of Israeli Minister, Itamar Ben-Gvir. They were utterly unacceptable and completely sickening. If the Minister's comments this morning, that the time for words has passed and now it is time for action, are to mean anything, what we need is more than progress on the occupied t…

Ag buaic na ghéarchéime costais fuinnimh, tá €178 milliún á choinneáil ag an Rialtas ar leataobh. Bailíodh an t-airgead seo ó chomhlachtaí fuinnimh agus bhí sé i gceist é seo a thabhairt do ghnáthdhaoine le linn na géarchéime costais maireachtála. Ba é sin an cuspóir iomlán leis an scéim seo agus bhí sé i gceist cuidiú éigeandála tapa a chur ar fáil do theaghlaigh a bhí faoi bhrú ollmhór de bharr praghsanna leictreachais a bhí ag dul i méid go géar agus do dhaoine a bhí ag titim i riaráistí agus i bhfiacha. Ach ní …

That is not true.

We will be writing to the Taoiseach and the Tánaiste. Next week the decks should be cleared and we should pass the occupied territories Bill. We should not be talking about progress. There should be no more delays. We need action. This has been going on for years. In terms of the cost of energy, the Minister is missing the point and is trying to dress it up in a way that supports the Government's narrative but the fundamental facts remained unchanged. While families are struggling to keep the lights on, the Governm…

What about this fund?