Ireland becomes world’s first country to divest from fossil fuels

“The bill also allows investment in Irish fossil fuel companies if this funds their move away from fossil fuels” writes Damian Carrington for Countries the world over must now urgently follow Ireland’s lead and divest from fossil fuels.”. The Republic of Ireland will become the world’s first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament.However, some critics argue say that remaining as shareholders and persuading fossil fuel companies to change can be more effective.Norway’s huge $1tn sovereign wealth fund has only partially divested from fossil fuels, targeting some coal companies, and is still considering its oil and gas holdings.

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