Ireland expected to cecome world’s first country to divest from fossil fuels

“The Republic of Ireland took a crucial step toward becoming the first country in the world to divest from fossil fuels. Lawmakers in the Dail, the lower house of parliament, advanced a bill requiring the Irish government’s more than $10 billion national investment fund to sell off stakes in coal, oil, gas and peat — and to do so “as soon as practicable.”

The bill now heads to the upper chamber, known as Seanad, where it is expected to pass easily when it’s taken up, likely in September. If the bill becomes law, as anticipated, it would rid the European nation of holdings valued at more than $370 million.”

Click here to read more from NPR.

,

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Menu