ActionAid Speech Competition 2019 prize announced

Photo: Speech Writing Competition winner’s trip to Brussels. Left to right: Gráinne Boylan, Sadbh Boylan, Mairead McGuiness (Vice President of the European Parliament), Juliette O’Donnell, Lisa Wilson (ActionAid Ireland), Séamus Kelly (teacher).

ActionAid Ireland has revealed that the prize for the two chosen winners of the Speech Writing Competition 2019 will be an exciting trip to ActionAid in Greece! The young people, who will be accompanied by their teachers and ActionAid, will see the work of ActionAid first hand and learn about influencing change and policy at the EU level that impact youth and international development issues.

Now in its fifth year, the National Speech Writing Competition aims to raise awareness among young people on global issues, gender equality and sustainable development, and how they can use their voices for positive change.

Winners of the 2018 edition, Juliette O’Donnell and Sadbh Boylan, travelled to Brussels in June where they had the opportunity to gain knowledge of the working of EU institutions, as well as how the EU interacts and works with NGOs. They also met with representatives from different organisations operating in Brussels, including the European Women’s Lobby, European Youth Forum, CONCORD, the Irish Permanent Representation, and a trip to the European Parliament where they met with Mairead McGuinness MEP (Vice President of the European Parliament), and Martina Anderson MEP.

Read what the winners had to say about their experience.

Sadbh Boylan, a student at St. Vincent’s Secondary School, Dundalk:

From the moment we arrived in Brussels, it was all go! I learned a lot more about how things work within the European Union, as well as how the union interacts and works with NGOs. I will admit that I hadn’t heard of some of the NGO’s before the trip, but I found learning about their work to be really interesting and eye-opening. They were all happy to answer any questions we had, and I really appreciated the time they gave up to talk to us.

Speech Writing Competition Brussels
Juliette (left) and Sadbh (middle) meeting Jan Mayrhofer (right) from the European Youth Forum

My favourite part of the trip was visiting the parliament, and to experience the atmosphere there. I would really encourage young people to visit, because I think it’s something you understand more when you actually see it. It can be easy to feel a bit disconnected from it all, because the EU seems so far away-but visiting it and seeing it for myself really helped me understand it all. That was definitely a highlight- though the Belgian waffles were really good too.

Overall, it was an amazing experience that I’m very grateful for, and I definitely came back having learned a lot from my experience. It is something I’ll always remember, and I feel very lucky that I got the chance!

Juliette O’Donnell, Colaiste Einde, Galway:

In Brussels I had the incredible opportunity to visit the EU Parliament, as well as meet MEPs and get to know many NGOs. It was definitely the busiest trip I’ve ever been on, however every meeting was so eye-opening!

I found the Parliament particularly impressive. It was so enlightening to see hundreds of representatives, from every country in the European Union, all working together. It reminded me that firstly, the European Union was set up to safe guard peace and secondly, that the connections it creates among all of us Europeans are vital.

Sadbh and Juliette visit the European Parliament in Brussels

ActionAid even organised a private meeting with the Vice President of the European Parliament, Mairead McGuinness. We discussed the importance of encouraging women to participate in politics and activism. After this meeting, Mrs McGuinness very kindly brought us to the next conference, and even gave us a special mention I will never forget! It was very inspiring to see how actually accessible the heart of change is to me, a seventeen year old Irish student, and thus to us all.

This trip showed me that EU directives have an enormous effect on a national level which means that we all need to be knowledgeable about EU politics in order to vote well, and also to hold our representatives accountable. There are so many challenges that cannot be dealt with on a national level. I also learnt that the most efficient way for NGOs to achieve their goals is to unite on related issues in order to have a stronger voice.

Overall, I highly recommend this life changing competition and I can’t wait to hear next year’s speakers, who will not only have the opportunity to win another wonderful prize but also, learn how powerful their voices are.

For more information on the Speech Writing Competition 2018 click here.

Protesters holding End Fossil Fuels banner at a climate demonstration, advocating for renewable energy solutions.

Protestors at COP 28 in Dubai. Photo: Konrad Skotnicki.

Climate protest with diverse crowd holding signs about environmental action in a city square.

Belfast Climate Change March, 2019. Photo: Trócaire.

The Profit Driving the Crisis

Despite their overwhelming contribution to global emissions, fossil fuel companies continue to attract significant financial backing—driven by their enduring profitability. This is starkly illustrated by the case of ExxonMobil, the top fossil fuel investment held by asset managers based in Ireland. In 2023, ExxonMobil reported €33.63 billion ($36 billion) in profit. That is almost twice the GDP of Botswana (€18.1 billion) and nearly three times Namibia’s GDP (€11.5 billion).

Ireland plays a hugely disproportionate role in facilitating investments into fossil fuel companies like ExxonMobil. In 2023, the investments made into fossil fuel companies by investment managers based in Ireland generated an estimated 72.5 million tons of CO2e. This is more than the CO2e emissions for the entire country of Ireland—and more than ten times that generated by Sierra Leone.

The Global Human Impact

The climate crisis is here, now, and it is causing disproportionate harm in the Global South. In Bangladesh, rising sea levels and increasingly severe cyclones are displacing coastal communities, with projections indicating that 17% of the entire country could be underwater by 2050. The legally binding Paris Agreement on climate change explicitly acknowledges the importance of tackling private finance. Its three overarching goals are: keeping below 1.5C of warming; increasing adaptation and making finance flows consistent with low emissions and resilience.

This gives a clear mandate for action:  both tax reform and corporate regulation are needed to tackle financial flows, and both nationally in Ireland and at EU level, ‘polluter pays’ taxes are lacking and regulation of the financial sector remains weak and fragmented. While EU regulation exists, it is designed more to nudge investors toward more sustainable investment practices by increasing transparency and reporting levels than to enforce strict standards. And it is moving in the wrong direction: the recently passed EU Corporate Sustainability Due Diligence Directive excluded investments; and now the EU Commission’s Omnibus legislative proposal threatens to undo the limited gains made on climate plans, as well as blocking future attempts for stronger action at national level.

The Risk of Inaction

Fossil fuel investment is too profitable to remain weakly regulated. If Ireland continues with its current strategy of encouraging FDI at all costs, and relying on weak EU regulation, we are headed for catastrophe. The Inter-governmental Panel on Climate Change has repeatedly warned that every fraction of a degree beyond 1.5°C brings irreversible consequences: collapsed ice sheets, vanishing coral reefs, and extreme weather events that will make vast regions of the planet uninhabitable. And yet, companies are developing oil and gas fields that could push global warming beyond 2°C.

Our research found that 91% of the investments made into fossil fuel companies by investment managers based in Ireland were to companies that have plans for fossil fuel expansion like these. Ireland cannot afford inaction on this issue.

About This Research

The figures in this report regarding investment from Ireland are based on new research commissioned by ActionAid Ireland and Trócaire. In the paper, we uncover the scale of fossil fuel investment through Ireland, who the investors are, and in which fossil fuel companies they are investing.  We analyse the current regulatory framework and explain why it is inadequate—and moving in the wrong direction. And we make specific recommendations for change, which are summarised below.

Summary of Recommendations

Regulate the private financial sector
Ireland must end its outsized role as an enabler of destructive fossil fuel investment. Ireland should introduce a strong gender-responsive national human rights and environmental due diligence framework which includes the regulation of investors with respect to human rights and the environment and climate. The transposition of the EU Corporate Sustainability Due Diligence Directive could achieve this if downstream activities are included and the Omnibus proposal is rejected. Ireland should prohibit investments in fossil fuel expansion and require investors to implement climate transition plans consistent with a 1.5°C climate limit.

Endorse the Fossil Fuel Non-Proliferation Treaty
Ireland should endorse developing a Fossil Fuel Non-Proliferation Treaty to curb fossil fuel expansion and commit to a fair and funded phase out of fossil fuels.

Support tax justice
Ireland should support bold and fair new global tax rules through the UN Framework Convention on Tax, should adopt all OECD BEPS measures, and should conduct an updated and comprehensive spillover analysis of its tax policy. Ireland should take coordinated action globally, at the EU level and domestically to introduce a range of new taxes to mobilise finance needed for climate justice, based on ‘polluter pays’ and social equity principles such as wealth taxes for the highest earners, climate damages tax on investors, fossil fuel production taxes and levies on aviation and shipping.

Finance a just transition
Ireland must also meet its fair share climate finance obligations under Article 9.1 of the Paris Agreement, and pay our ecological debt to the Global South. Ireland should support conditionality-free debt cancellation for countries on the front lines of the climate crisis, commit to a new UN Framework Convention on Sovereign Debt, moving debt negotiations from the IMF to the UN, and to a debt workout mechanism that is fully representative and fair.

Further reading