Briefing on Fossil Fuel Divestment Bill 2017

briefing fossil fuel divestment bill

The Fossil Fuel Divestment Bill is a private members bill introduced by independent TD Thomas Pringle which reaches its second stage in the Dáil on Thursday 19 January 2017.

The Bill proposes to amend the National Treasury Management (Amendment) Act 2014, instructing the Agency to divest the Ireland Strategic Investment Fund (currently under the remit of the Agency) of its assets in fossil fuel companies, and to prohibit future investments in the industry.

At this critical juncture when the first National Mitigation Plan to transition Ireland to a low carbon future is being brought forward, this Stop Climate Chaos-Trócaire briefing urges the Government, all Parties and TDs to support the Fossil Fuel Divestment Bill to show their clear support for just action on climate change toward a safe, fossil-free future.