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Irish Parliament Passes Historic Fossil Fuel Divestment Bill

Irish Parliament Passes Historic Fossil Fuel Divestment Bill
Once this legislation is passed by a finance committee, Ireland could become the first country to ever divest its wealth from oil, gas, and coal.

Last Thursday, Irish Parliament passed a historic bill that would lead Ireland to becoming the first country in the world to divest its sovereign wealth from coal, oil, and gas.

The bill, introduced by independent representative Deputy Thomas Pringle, can attribute its success to Trócaire, a Catholic development charity that rallied for the political campaign.

"With a climate-sceptic recently inaugurated into the White House, this move by elected representatives in Ireland will send out a powerful message," said Éamonn Meehan of Trócaire. "The Irish political system is now finally acknowledging what the overwhelming majority of people already know: That to have a fighting chance to combat catastrophic climate change we must phase out fossil fuels and stop the growth of the industry that is driving this crisis."

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