Ireland became the world’s first country to stop investing in fossil fuels

Posted on:01 Feb 2017 09:21:25
Ireland became the world’s first country to stop investing in fossil fuels
01 February 2017 Current Affairs: Ireland has become the first country in the world to divest coal, oil and gas investments from Ireland Strategic Investment Fund.

The bill was passed in the Irish parliament by gaining 53 votes out of 90. It was introduced by Deputy Thomas Pringle.

The law regarding fully divest public money from fossil fuels expected in the upcoming month.

If the bill is enacted, it would force the Ireland Strategic Investment Fund to sell its investment in fossil fuel industries over the next five years.

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