Donegal Daily
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
Friday 15°CSaturday 15°C

Donegal Daily Donegal Daily

sponsor banner
sponsor banner
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
NewsPolitics

Ireland to divest from fossil fuel investment thanks to Donegal TD

written by Elaine McCallig January 28, 2017
FacebookTweetLinkedInPrint

Deputy Thomas Pringle proposed a bill which would mean divesting from fossil fuel investment from the Ireland Strategic Investment Fund.

Ireland is to become the first country in the world to full drop fossil fuel investment.

Pringle’s bill passed in a 90 to 50 vote in favour of dropping coal, oil, and gas investments from the Ireland Strategic Investment Fund of €8 billion, which is part of the Republic’s National Treasury Management Agency.

A financial committee is reviewing the bill, but it is expected to be passed into law in the coming months.

Pringle says; “This principle of ethical financing is a symbol to these global corporations that their continual manipulation of climate science, denial of the existence of climate change and their controversial lobbying practices of politicians around the world is no longer tolerated.

“We cannot accept their actions while millions of poor people in underdeveloped nations bear the brunt of climate change forces as they experience famine, mass emigration and civil unrest as a result.”

“National governments have an essential role to play in backing up their Paris pledges by ensuring public funds are well placed to support the clean energy transition, and protected from the inevitable decline of the fossil fuel industry.”

Deputy Pringle also took to Facebook to thank everyone who supported the bill, saying; “Delighted that my Fossil Fuel Divestment Bill was passed today in the Dáil and will now go to Committee Stage.

“It calls on the Government to take our public money that’s invested in fossil fuel companies over the next 5 years.

“It was thanks to the cross-party support including Fianna Fáil that got the Bill through as Fine Gael voted against it.

“Now for the bit where we all have to work together to get it through the last stages.

“Thanks to Trocaire, GLAN and activists all over the country.

Ireland to divest from fossil fuel investment thanks to Donegal TD was last modified: January 28th, 2017 by Elaine McCallig
FacebookTweetLinkedInPrint

Tags:
fossil fuelinvestmentireland strategic investment fundrepublics national treasury management agencyThomas Pringle
Elaine McCallig

LEAVE A COMMENT

You may also like

Much loved local ecologist launches ‘Birds of...

7 hours ago

Donegal planners grant retention permission for hobbit-style...

8 hours ago

Plans for 35 new houses and apartments...

10 hours ago

Benny is still ‘harping on’ as he...

11 hours ago

Charity 5K cancelled following Inishowen road tragedy

12 hours ago

Packie Bonner to open ‘Working Over By’...

12 hours ago

East Donegal family birthdays raise over €3k...

13 hours ago

Motorists warned after oil spill in south...

14 hours ago

HSE group in Donegal honoured for work...

14 hours ago

Over 6,500 Ukrainian refugees now living across...

15 hours ago
Advertisement
Advertisement

Donegal County Council

Facebook
Donegal County Council
Advertisement
Advertisement
Donegal Daily Jobs

Read More

  • News
  • Sport
  • Courts
  • Jobs
  • Sales & Services
  • Obituaries
  • Features
  • Business
  • Politics
  • Council News

Information

  • Contact Us
  • About
  • Advertise WIth Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions

Our Sites

Donegal Woman
Donegal Woman
Donegal Daily

© 2025 Donegal Daily. All rights reserved.
Website by owenod


Back To Top.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy