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Ireland is ready to say goodbye to fossil fuels
"This (bill) will make Ireland the first country to pledge to get rid of it. fossil fuel industry, "he said. Independent MP Thomas Pringle, who introduced the bill to Parliament in 2016. The bill was pbaded by all parties in the Lower House of Parliament (Oireachtas): requires the National Sovereign Fund, Ireland Strategic Investment Fund, to sell its shares of companies dealing with coal, oil, gas and peat as soon as possible
In June of last year, the fund's investments in the 39, world industry fossil fuels were estimated 318 million euros in 150 companies
In detail, the law provides that the fund – which is worth today 8.9 billion euros – will terminate any relationship with companies whose business is currently engaged in the exploration, extraction or refining of a fossil fuel when that activity accounts for 20% or more of that company's business turnover. "
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