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Clare TD probes controversial Coillte deal

SERIOUS questions continue to been raised over Coillte’s proposed deal with investment fund, Gresham House, with a Clare Independent TD suggesting it represents “greenwashing”.  During a debate on forestry, Deputy Michael McNamara probed the deal that is tipped to see forests acquired and land planted to deliver returns to investors and help meet climate targets. “This deal has made people sit up and take a look at the role of investment funds in protecting or enhancing the environment, and at Coillte’s relationship with investment funds,” the Scariff TD said. “Both are important matters to consider. A number of questions arise. Why did Coillte select Gresham House? What procurement process was put in place? Gresham House came up with a great blurb but it is not unique in that. Many investment funds around the world are into greenwashing these days. Were all the other greenwashing investment funds allowed to bid? If not, why? Why did Gresham House choose Coillte?” Deputy McNamara …

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