Climate & Environment

€5.7bn investment in fossil fuels funnelled through Irish corporation tax regime - ActionAid

Social justice charity says multinational operations in Ireland ‘comes at a cost for the world’s poor’

Action Aid is a social justice charity focused on women’s rights in the developing world. Research from the body has found that women and children are 14 times more likelyto die from climate disasters as men

Ireland’s corporation tax regime and economic dependence on multinational firms is fuelling “staggering” amounts of investment into fossil fuels and global agribusiness, the chief executive of ActionAid Ireland, an international social justice charity, has said.

Speaking on the back of a new ActionAid report, which examines Ireland’s role in financing fossil fuels and agriculture industries, Karol Balfe said that the country’s relationship with foreign investors “comes at a cost for the world’s poor” and is ...