Dail Eireann Votes to Divest from Fossil Fuels
(Big News Network) Following a vote in the Dail Eireann, Ireland is set to become the world’s first country to fully divest money from fossil fuels. The historic legislation was passed by members in a 90 to 53 vote in favour of the move. This will result in dropping of investments in coal, oil and gas from the 8 billion euro Ireland Strategic Investment Fund.
Thomas Pringle, Donegal Independent TD, proposed the bill which is set to become a law in months to follow.
The law would compel the Ireland Strategic Investment Fund to sell its investment in fossil fuel industries.
This is proposed to be done over the next five years. READ MORE