The Green Party TD for Dún Laoghaire, Ciaran Cuffe, has said that he is reviewing his investment portfolio and intends to make significant changes to it.
Mr Cuffe was reacting to an article in today's Sunday Independent which said that he has shares in a number of companies which have had environmental problems.
He has a share portfolio worth €1.3m with shares in a number of high-profile multinationals who have fallen foul of environmentalists.
According to the article, Mr Cuffe owns shares in Chevron Texaco, General Electric, Procter & Gamble and Johnson & Johnson among others.
Chevron Texaco was fined for pollution in Angola last year, while Procter and Gamble was found guilty of pollution here in Ireland last year and General Electric has a nuclear element.
The Green Party website states that the party is against nuclear power, and that the party opposes the control of industry by large national and multinational companies.
Mr Cuffe, who is his Party's spokesperson on Justice and the Environment, said that he had inherited the shares from his mother who died three years ago.
He said that the investments are currently under review to weed out any unethical shares and that he had no wish to invest in companies with a bad environmental track record.