Pringle’s Fossil Fuel Divestment Bill to be signed into Law
- Updated: 6th December 2018
Deputy Pringle’s Bill will make Ireland the first country in the world to remove public money from investments in fossil fuel corporations, responsible for over 70% of global CO2 emissions.
The Bill received its final vote today [Thursday Dec 6th) in the Dáil and will now go to President Higgins to be signed and enacted into law. Senators in the Seanad last week passed the Bill with unanimous support after the Bill passed all stages of the Dáil in July.
Speaking on the passing of his Bill Independent TD for Donegal, Thomas Pringle says “this is a momentous Bill as it makes Ireland the first country in the world to divest its public money from fossil fuel companies. That means a lot for a small country like Ireland and one which hopes to lead on climate action in the future.
“It also represents the potential for cross-party cooperation on the legislative process particularly on issues related to climate change. I believe this Bill has fostered the unanimous concern for climate change in the political arena, something I hope is harnessed into the future. It’s not every day an opposition member of the Dáil gets to create new laws and I’m glad this one has received the level of support that it did.
“It was important that I sponsored this Bill because I represent a rural constituency. For too long Donegal has been left out in the cold when it comes to national policy and I felt that Donegal needed to be represented fairly on the issue of climate change. We need to be able to shape policy and represent the needs of people across rural Ireland as we endeavour to transition to a low carbon economy.
“Much international attention has been paid to this Bill revealing both its symbolic nature and the level of ambition that it sets out in getting the Government to take climate change seriously. The Bill has taken me to conferences in Rome and San Francisco and continues to garner interest from the international community.
“I hope that the Bill will continue to inspire other countries to lead on climate action when it is signed and enacted into law shortly” concludes Pringle.
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