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Ireland to Divest Investments from Coal,Oil and Gas

Posted on Jan 30, 2017 11:11:00 AM

Ireland is to become the first country to fully divest its public investments away from fossil fuels.The Irish Parliament voted 90 to 53 for new legislation that approves the sale of all its investments in the coal, oil and gas sectors.

The country has an €8 billion sovereign wealth fund called the Ireland Strategic Investment Fund, and it is hoped the money freed up will be switched to cleantech and sustainable energy instead.

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Topics: Fossil Fuel, Investment, Ireland, Finance

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