Ireland is expected to pass a new bill that will make them the first country in the world to divest from fossil fuels. The goal was to set Ireland in a position to reach their commitments in the Paris Agreement. Over $370 million US, which reaches over 150 companies around the world, will be sold off.
The Fossil Fuel Divestment Bill was introduced by independent lawmaker Thomas Pringle and backed by Trocaire, an overseas development agency for the Catholic Church in Ireland. It was approved by the Cabinet after getting enforcement by the Government. Now the bill his heading to the Seanad, where it’s expected to pass and become law around September.