Renewable Revolution

EcoWatch

Bu Lorraine Chow

Nov. 23, 2018 11:01AM EST


SNIPPET:

Ireland's landmark Fossil Fuel Divestment Bill passed the Seanad, or upper house, on Thursday, putting the Emerald Isle on track to become the first country in the world to divest from fossil fuel-related funds.

The bill—which requires the Ireland Strategic Investment Fund to sell off about €318 million ($361 million) investments in coal, oil, gas and peat assets over a five year period—now heads to President Michael D. Higgins for signature, where it will likely become law by the end of the year, according to the Irish Times.

Alice-Mary Higgins, an Independent Senator and the president's daughter, was jubilant about the bill's "swift passage" in the Seanad.

Full article:

 https://www.ecowatch.com/ireland-fossil-fuels-divestment-2621293680.html