Ireland could become the first country in the world to fully divest its sovereign wealth fund from fossil fuels, following a parliamentary vote. Irish lawmakers split 90 to 53 in favor of ditching coal, oil and gas holdings from the €8 billion (US$9 billion) Ireland Strategic Investment Fund. The bill is expected to pass into law in the next few months after consideration by the finance committee. Norway’s $900 billion oil fund is the largest and most notable sovereign divestor, but it has only shed its coal shares. Ireland is going the whole hog.
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