Climate Change

Ireland divests from fossil fuels

“Ireland on Thursday moved to pull its public funds out of fossil fuels, a development that marks the most significant advance to date for a divestment campaign pushed by environmentalists worldwide.

The lower house of Parliament passed a bill that requires the country’s sovereign fund, valued at 8.9 billion euros, or about $10.4 billion, to move out of fossil fuels “as soon as practicable.”

An aide to Thomas Pringle, the member of Parliament who proposed the measure, said the bill had the support of Prime Minister Leo Varadkar and was expected to become law. When it does, Ireland will become the first country to formally pledge to divest from fossil fuels.”

-Somini Sengupta, New York Times, July 12, 2018.

https://www.nytimes.com/2018/07/12/climate/ireland-fossil-fuels-divestment.html

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