Quantcast

'We Are Going to Be Selling Your Exxon Shares, Sir, Because We Don't Believe in the Future That You Stand For'

Popular

In a world's first, the Irish Parliament voted 90 to 53 on Thursday in favor of a groundbreaking bill that would fully divest public money from coal, oil and gas.


Fossil Free Europe has hailed it as a "first-of-its-kind fossil fuel divestment legislation."

The Fossil Fuel Divestment Bill, which was supported by almost all of Ireland's political parties except the Fine Gael, will now go to the committee stage. According to The Independent, the bill is likely to pass into law in the next few months after it is reviewed.

Once enacted, the initiative would force the Ireland Strategic Investment Fund—a sovereign wealth fund worth more than €8 billion—to sell its investments in fossil fuel industries over the next five years and would also prohibit future investments in the sector.

Independent TD Thomas Pringle, who introduced the bill, said the legislation makes a powerful statement to the world.

"This principle of ethical financing is a symbol to these global corporations that their continual manipulation of climate science, denial of the existence of climate change and their controversial lobbying practices of politicians around the world is no longer tolerated," Pringle said.

"We cannot accept their actions while millions of poor people in underdeveloped nations bear the brunt of climate change forces as they experience famine, mass emigration and civil unrest as a result."

The Republic of Ireland has recently voted on a slew of green measures in order to fight climate change. In October, the Dáil Éireann (the country's House of Representatives, so to speak) voted to ban fracking.

Trócaire, an Catholic charity that fights worldwide poverty, backed the divestment campaign.

"With a climate-sceptic recently inaugurated into the White House, this move by elected representatives in Ireland will send out a powerful message," said Trócaire executive director Éamonn Meehan.

"The Irish political system is now finally acknowledging what the overwhelming majority of people already know: That to have a fighting chance to combat catastrophic climate change we must phase out fossil fuels and stop the growth of the industry that is driving this crisis," he added.

In the powerful video below, Green Party leader Eamon Ryan celebrates the bill as a clear message to the White House, which has embraced fossil fuels.

"Donald Trump—what an answer to him. What an answer to his secretary of state, Rex Tillerson," Ryan said. "We are going to be selling your ExxonMobil shares, sir, because we don't believe in the future that you stand for."

EcoWatch Daily Newsletter

MStudioImages / E+ / Getty Images

By Jillian Kubala, MS, RD

Backpacking is an exciting way to explore the wilderness or travel to foreign countries on a budget.

Read More Show Less
Tim P. Whitby / 21st Century Fox / Getty Images

The beauty products we put on our skin can have important consequences for our health. Just this March, the U.S. Food and Drug Administration (FDA) warned that some Claire's cosmetics had tested positive for asbestos. But the FDA could only issue a warning, not a recall, because current law does not empower the agency to do so.

Michelle Pfeiffer wants to change that.

The actress and Environmental Working Group (EWG) board member was spotted on Capitol Hill Thursday lobbying lawmakers on behalf of a bill that would increase oversight of the cosmetics industry, The Washington Post reported.

Read More Show Less
Sponsored
A protest march against the Line 3 pipeline in St. Paul, Minnesota on May 18, 2018. Fibonacci Blue / CC BY 2.0

By Collin Rees

We know that people power can stop dangerous fossil fuel projects like the proposed Line 3 tar sands oil pipeline in Minnesota, because we've proved it over and over again — and recently we've had two more big wins.

Read More Show Less
Scientists released a study showing that a million species are at risk for extinction, but it was largely ignored by the corporate news media. Danny Perez Photography / Flickr / CC

By Julia Conley

Scientists at the United Nations' intergovernmental body focusing on biodiversity sounded alarms earlier this month with its report on the looming potential extinction of one million species — but few heard their calls, according to a German newspaper report.

Read More Show Less
DoneGood

By Cullen Schwarz

Ethical shopping is a somewhat new phenomenon. We're far more familiar with the "tried and tested" methods of doing good, like donating our money or time.

Read More Show Less
Sponsored
Pixabay

Summer is fast approaching, which means it's time to stock up on sunscreen to ward off the harmful effects of sun exposure. Not all sunscreens are created equally, however.

Read More Show Less
Mark Wallheiser / Getty Images

The climate crisis is a major concern for American voters with nearly 40 percent reporting the issue will help determine how they cast their ballots in the upcoming 2020 presidential election, according to a report compiled by the Yale Program on Climate Change Communication.

Of more than 1,000 registered voters surveyed on global warming, climate and energy policies, as well as personal and collective action, 38 percent said that a candidate's position on climate change is "very important" when it comes to determining who will win their vote. Overall, democratic candidates are under more pressure to provide green solutions as part of their campaign promises with 64 percent of Democrat voters saying they prioritize the issue compared with just 34 percent of Independents and 12 percent of Republicans.

Read More Show Less
Flooding in Winfield, Missouri this month. Jonathan Rehg / Getty Images

President Donald Trump has agreed to sign a $19.1 billion disaster relief bill that will help Americans still recovering from the flooding, hurricanes and wildfires that have devastated parts of the country in the past two years. Senate Republicans said they struck a deal with the president to approve the measure, despite the fact that it did not include the funding he wanted for the U.S.-Mexican border, CNN reported.

"The U.S. Senate has just approved a 19 Billion Dollar Disaster Relief Bill, with my total approval. Great!" the president tweeted Thursday.

Read More Show Less