Author: Lucy Purdy / Source: Positive News
Ireland is set to become the first country in the world to divest public money from fossil fuel assets following a landmark vote in the Dáil this week
Ireland will become the first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament on Thursday (12 July).
It means that €318m (£282m) shares in 150 coal, oil, peat and gas companies will be sold ‘as soon as practicable’ – probably within five years.
“The [divestment] movement is highlighting the need to stop investing in the expansion of a global industry which must…
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