Ireland to stop investing in fossil fuel

soon become the first country to divest public funds of fossil fuel investments. The Irish parliament has passed a historic legislation to drop coal, oil and gas investments from the Ireland Strategic Investment Fund (ISIF), part of the nation's National Treasury Management Agency. The bill is likely to pass into law in the next few months after being reviewed by a financial committee. Once enacted, the law would force ISIF to drop all investments in fossil fuel companies over the next five years and bar it from any such future investments. The freed-up funds may be used by the Sustainable Energy Authority of Ireland.