To fight global warming and climate change, the Irish Parliament has passed a bill that will make the government divest all its public money from fossil fuels including coal, oil and gas. This will also make it the first country steer away from fossil fuels.
Historic legislation was introduced by Deputy Thomas Pringle and will drop coal, oil and gas investments from €8bn Ireland Strategic Investment Fund. If enforced, the bill will make sure the fund sells all its investments in fossil fuel industries.
In the next few months, the legislation is expected to pass into law after being reviewed by the financial committee.
Norway also divested from some fossil fuel companies in 2015.
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