Copenhagen‘s mayor announced plans to shed coal, oil and gas from the city’s 6.9bn kroner ($1.1 billion) investment fund.
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.
BREAKING: Copenhagen’s city council has just agreed to #divest its 6.9bn kroner investment fund from fossil fuels.
— 350 Europe (@350Europe) April 28, 2016
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