Government urged to end €31bn fossil fuel investments

Report states Irish subsidiaries of multinational financial institutions generated 72.5m tons of CO₂ in emissions in 2023

The fossil fuel company which receives the most investment from asset managers based in Ireland is ExxonMobil. In 2023, ExxonMobil reported €33.63bn in profit. Picture: Matthew Brown/AP

Ireland’s hidden involvement in the fossil fuel industry has been revealed, with more than €31bn in investment flowing through this country.

The Government has been called on to urgently regulate private finance and end fossil fuel investment expansion which campaigners say is wreaking havoc on the environment.