Quantcast

Copenhagen to Divest From Fossil Fuels

Energy
Copenhagen to Divest From Fossil Fuels

Copenhagen's mayor announced plans to shed coal, oil and gas from the city's 6.9bn kroner ($1.1 billion) investment fund.

Photo credit: Fossil Free Europe

This will make Copenhagen the country's first investment fund to divest. The proposal is widely expected to be approved at a finance committee meeting next Tuesday. There is no decision yet on where the city would reinvest its funds.

For a deeper dive: Guardian

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

YOU MIGHT ALSO LIKE

The Beginning of the End of the Old Oil Order

New Report Shows 'Natural Gas Increasingly Becoming an Unnecessary Bridge to Nowhere'

Panama Papers Prove America Has the Money to Transition to 100% Clean Energy

World Largest Wealth Fund Drops 52 Companies Linked to Coal

EcoWatch Daily Newsletter
Related Articles from EcoWatch
Recent Stories from EcoWatch