The Irish parliament has voted in support of fossil fuel subsidies . The Bill , the first of its kind , calls for the Irish Strategic Investment Fund ( ISIF ) to divest its sovereign wealth portfolio from coal , oil , and gas . The ISIF is worth over € 8bn ( $ 8.57bn ) . The Bill , supported by 90 votes to 53 , will now proceed to the Committee Stage .
The Irish parliament has voted in support of fossil fuel divestment. The Bill, the first of its kind, calls for the Irish Strategic Investment Fund (ISIF) to divest its sovereign wealth fund from coal, oil, and gas. The ISIF is worth over €8bn ($8.57bn). The Bill, supported by 90 votes to 53, will now go to the Committee Stage.