The First Country To Ditch Fossil Fuel Investments – Ireland!


# climate change #UNFCCC #Paris Agreement #Kyoto Protocol #sustainable development #SDGs #divestment

There has been a divestment movement pushing governments, religious institutions, universities and other bodies to divest their money from coal, oil and gas companies. The latest, and the most far-reaching one so far, is a bill passed in the lower houses of Irish parliament on July 12 which compels the country's $10.3 billion national investment fund - the Ireland Strategic Investment Fund - to sell off its investments in 150 global fossil fuel companies "as soon as practicable." These are estimated to be currently worth around €318 million ($370 million). By doing so, The Republic of Ireland is set to be the world's first country to pull its money out of fossil fuels.

Please refer to the report on Huffingtonpost for more details of this exciting news!