Quantcast

Copenhagen to Divest From Fossil Fuels

Energy

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

The message of the global movement to ban fracking and get off fossil fuels envisions a different future, one that starts with cutting off pollution at the source. cta88 / iStock / Getty Images Plus

By Wenonah Hauter

Donald Trump's scheduled visit to a fracking industry gathering in Pittsburgh this week is a hugely symbolic moment for the 2020 election campaign, as well as the urgent battle to contain climate catastrophe.

Read More Show Less
Animals most targeted by the fur industry include minks, foxes and rabbits. Hal Trachtenberg / Flickr / CC BY-NC 2.0

Macy's announced Monday that it will stop selling fur by 2021, The New York Times reported.

Read More Show Less
Sponsored
A young fingerling Chinook salmon leaps out of the water at Pillar Point Harbor in Half Moon Bay, California on May 16, 2018. Justin Sullivan / Getty Images

The Trump administration is rolling back protections for endangered California fish species, a move long sought by a group of wealthy farmers that Interior Secretary David Bernhardt continued to lobby for months before he began working for the administration, The New York Times reported Tuesday.

Read More Show Less

By Gretchen Goldman

The Independent Particulate Matter Review Panel has released their consensus recommendations to the EPA administrator on the National Ambient Air Quality Standards for Particulate Matter. The group of 20 independent experts, that were disbanded by Administrator Wheeler last October and reconvened last week, hosted by the Union of Concerned Scientists, has now made clear that the current particulate pollution standards don't protect public health and welfare.

Read More Show Less
An African elephant is pictured on November 19, 2012, in Hwange National Park in Zimbabwe. MARTIN BUREAU / AFP / Getty Images

The unprecedented drought that has caused a water crisis in Zimbabwe has now claimed the life of at least 55 elephants since September, according to a wildlife spokesman, as CNN reported.

Read More Show Less
Sponsored
Maria Dornelas.

By John C. Cannon

Life is reshuffling itself at an unsettling clip across Earth's surface and in its oceans, a new study has found.

Read More Show Less
An Exxon station in Florida remains open despite losing its roof during Hurricane Katrina on Aug. 29, 2005. Florida Air National Guard photo by Master Sgt. Shaun Withers

The country's largest fossil fuel company goes on trial today to face charges that it lied to investors about the safety of its assets in the face of the climate crisis and potential legislation to fight it, as the AP reported.

Read More Show Less
El Niño's effect on Antarctica is seen in a tabular iceberg off of Thwaites ice shelf. Jeremy Harbeck / NASA

El Niños are getting stronger due to climate change, according to a new study in Monday's Proceedings of the National Academy of Sciences.

Read More Show Less