Ireland to divest fossil fuel investments

first_imgIreland to divest fossil fuel investments FacebookTwitterLinkedInEmailPrint分享The Guardian:The Republic of Ireland will become the world’s first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament.The state’s €8bn national investment fund will be required to sell all investments in coal, oil, gas and peat “as soon as is practicable”, which is expected to mean within five years. Norway’s huge $1tn sovereign wealth fund has only partially divested from fossil fuels, targeting some coal companies, and is still considering its oil and gas holdings.The fossil fuel divestment movement has grown rapidly, and trillions of dollars of investment funds have been divested, including large pension funds and insurers, cities such as New York, churches and universities.The Irish fossil fuel divestment bill was passed in the lower house of parliament on Thursday and it is expected to pass rapidly through the upper house, meaning it could become law before the end of the year. The Irish state investment fund holds more than €300m in fossil fuel investments in 150 companies.“The [divestment] movement is highlighting the need to stop investing in the expansion of a global industry which must be brought into managed decline if catastrophic climate change is to be averted,” said Thomas Pringle, the independent member of parliament who introduced the bill. “Ireland by divesting is sending a clear message that the Irish public and the international community are ready to think and act beyond narrow short term vested interests.”The bill defines a fossil fuel company as a company that derives 20% or more of its revenue from exploration, extraction or refinement of fossil fuels. The bill also allows investment in Irish fossil fuel companies if this funds their move away from fossil fuels.More: Ireland becomes world’s first country to divest from fossil fuelslast_img read more

No. 2 Syracuse field hockey scores 4 unanswered goals in 4-1 win over No. 6 Maryland

first_img Related Stories Syracuse field hockey downs Temple, 8-0, in season openerSyracuse field hockey picked 3rd in ACC poll, 2 players make preseason All-ACC team After allowing a goal on a penalty stroke just three minutes into Sunday’s game, No. 2 Syracuse (2-0) scored four unanswered to top No. 6 Maryland (1-1), 4-1, at St. Joseph’s University in Philadelphia.The Orange got off to a shaky start, allowing the penalty stroke to Grace Balsdon. Maryland held the lead for the next 26 minutes, denying all SU opportunities, until Orange midfielder Serra Degnan smashed home her first goal of the season on a penalty corner with 29:44 on the clock, converting an assist from back Lies Lagerweij.The two teams would play out the final six minutes of the first half scoreless, entering the half knotted at one.The second half was all Syracuse from the start, as Orange forward Elaine Carey converted her second goal of the season less than two minutes into the second half, assisted by Liz Sack. Just more than 10 minutes later, the Orange added a goal from Jennifer Bleakney to push its lead to 3-1.With the time ticking away and Maryland’s chances at a win growing more and more slim, Syracuse added one final tally in the 57th minute by way of a Nijsje Venrooy penalty deflection, assisted by Roos Weers.AdvertisementThis is placeholder textRegan Spencer played another full game at goalie for SU, saving five shots and allowing one goal. Comments Published on August 28, 2016 at 3:09 pm Contact Matt: [email protected]center_img Facebook Twitter Google+last_img read more