The bizarre use of “Brits out”-type arguments in the debate about foreign investment in forestry ignores the influence of multinationals on Ireland’s tax sovereignty – or the need for the assets funded by overseas capital.
Coillte’s decision to raise investor funds through the asset management firm Gresham House has re-lit a passionate debate on forestry. We interview the central people involved at the state-owned company and its two PPP private partners.
Dasos Capital, with strong backing from the State and the European Investment Bank, has quietly assembled the country’s second-largest private forestry portfolio. How did it do it? And, how much is the portfolio worth?
With no momentum to tackle greenhouse gas emissions, removing carbon from the atmosphere is our next best hope of slowing global warming. Yet planting trees is not happening either, which means it is time we put the right price on it.
More than 140 investors in Irish forest fraud Arden Forestry have received letters telling them they are in line for a €2m payout following a global asset chase by the liquidator. But was this case just one part of a larger playbook for serious overseas criminals?
In the coming days, the government will unveil the rules of the first renewable electricity support scheme in five years. Overseas capital is lining up to fund Irish environmental projects with billions of euro in energy, waste and forestry.
A record forest land sale has brought new foreign investors into the country, angered small shareholders and raised questions over the direction of the timber industry for the coming years.
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