Ireland passes law to become world's first country to fully divest from fossil fuels

Ethical financing shows global corporations
 that their tactics are no longer tolerated,
 says Deputy Pringle.

Ireland has voted to be the world’s first country to fully divest public money from fossil fuels.

The Irish Parliament passed the historic legislation in a 90 to 53 vote in favour of dropping coal, oil and gas investments from the €8bn (£6.8bn) Ireland Strategic Investment Fund, part of the Republic’s National Treasury Management Agency.

The bill, introduced by Deputy Thomas Pringle, is likely to pass into law in the next few months after it is reviewed by the financial committee.

Read Samuel Osbourne’s story in the Independent - “Ireland passes law to become world's first country to fully divest from fossil fuels.”