Ireland to fully Divest from Fossil Fuels
This week the Irish Parliament voted to pull its investments from fossil fuel companies (The Guardian). What this means exactly is that it will divest the country from any funds currently supporting coal, gas, peat and petroleum. The national fund, the Ireland Strategic Investment Fund (ISIF), currently represents €8.9 billion and is meant to support the long term employment and economic needs of the republic. Of this total amount, over €300m is invested in over 150 different fossil fuel companies. This is what parliament is looking to change.