Quantcast
Environmental News for a Healthier Planet and Life

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

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

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."

Protestors walk past an image of a Native American woman during a march to "Count Every Vote, Protect Every Person" after the U.S. presidential Election in Seattle, Washington on November 4. Jason Redmond / AFP / Getty Images

By Jessica Corbett

A leading environmental advocacy group marked Native American Heritage Month on Wednesday by urging President-elect Joe Biden, Vice President-elect Kamala Kamala Harris, and the entire incoming administration "to honor Indigenous sovereignty and immediately halt the Keystone XL, Dakota Access, and Line 3 pipelines."

Read More Show Less

EcoWatch Daily Newsletter

Marilyn Angel Wynn / Getty Images

By Christina Gish Hill

Historians know that turkey and corn were part of the first Thanksgiving, when Wampanoag peoples shared a harvest meal with the pilgrims of Plymouth plantation in Massachusetts. And traditional Native American farming practices tell us that squash and beans likely were part of that 1621 dinner too.

Read More Show Less

Trending

Former U.S. Sec. of Energy Ernest Moniz listens during the National Clean Energy Summit 9.0 on October 13, 2017 in Las Vegas, Nevada. Isaac Brekken / Getty Images for National Clean Energy Summit

By Jake Johnson

Amid reports that oil industry-friendly former Energy Secretary Ernest Moniz remains under consideration to return to his old post in the incoming Biden administration, a diverse coalition of environmental groups is mobilizing for an "all-out push" to keep Moniz away from the White House and demand a cabinet willing to boldly confront the corporations responsible for the climate emergency.

Read More Show Less
Climate change can evoke intense feelings, but a conversational approach can help. Reed Kaestner / Getty Images

Anger, anxiety, overwhelm … climate change can evoke intense feelings.


Read More Show Less
A rare North Atlantic right whale is seen off Cape Cod Bay on April 14, 2019 near Provincetown, Massachusetts. Don Emmert / AFP / Getty Images

An extremely rare North Atlantic right whale calf was found dead off the North Carolina coast on Friday.

Read More Show Less