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Divestment Updates

Berlin votes to divest

Berlin’s parliament has just voted to divest from oil, coal and gas companies.  Today Berlin joins other European capitals like Stockholm, Paris, Copenhagen and Oslo in making a powerful, public rejection of the fossil fuel industry. The Berlin House of Representatives decided to blacklist investments in companies that are incompatible with the German capital’s goal of (More...)

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Danish municipalities put pressure on banks for fossil-free investment options

By Katrine Ehnhuus, Danish divestment campaigner For six months now, the divestment campaign in Denmark has worked hard to get Danish municipalities to divest. A few months into our campaign, we realized that we needed an overview of Danish municipalities’ investment policies. We simply did not know which municipalities invested in fossil fuel companies and which (More...)

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Germany’s most populous state wants ‘climate-friendly’ pension fund

North Rhine-Westphalia wants the pension fund for its civil servants to follow ethical investment criteria that are supposed to ban investments that harm the climate. Germany’s most populous state and home to Europe’s biggest source of CO2 emissions, the Rhineland coalfields, becomes the first state to want to adopt a ‘climate-friendly’ investment policy, following a (More...)

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Moving forwards with shaking knees

A story by Emma Örn from Stockholm When I was 23 years old, I traveled to Copenhagen to volunteer with Greenpeace during the climate summit COP15 (2009). Each icy morning, I stood outside the Conference centre barriers wearing a bright yellow jacket and tried my best to smile and engage as many delegates as possible (More...)

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Mayor wants to rid Copenhagen of ‘totally wrong’ investments in coal, oil and gas

Yesterday, Copenhagen’s finance committee agreed to move forward on a proposal by the mayor to divest the fossil fuel holdings of the city’s 6.9bn kroner (€920m) investment fund. Detailed proposals for implementation will now be developed and taken to Copenhagen Council for final decision. Mayor Frank Jensen told the Danish newspaper Dagbladet Information: “Copenhagen is (More...)

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Four Reflections on the COP21

Two weeks ago, tens of thousands of climate activists from across the world gathered in Paris to mobilise around the COP21 climate summit. Among these thousands were hundreds of divestment activists, many of whom had never been to a COP or taken part in mass mobilisations around climate change at all. These are some of their (More...)

In the space of just 10 weeks…

The divestment movement has been gathering pace and building momentum ahead of the climate summit in Paris, where we announced today that more than 500 institutions representing over $3.4 trillion in assets have made some form of divestment commitment. On 21st September, we were at 400 institutions representing $2.6 trillion under management. In the past (More...)

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Divestment movement to converge in Paris

In a couple of weeks, a wide range of fossil fuel divestment activists from across Europe and the world will be converging in Paris during the climate talks. We’ll be loud, visible, and shake things up with creative actions throughout the second week of the climate talks to let everyone know this movement has unstoppable (More...)

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Copenhagen latest capital to start turning its back on fossil fuels

Copenhagen’s municipal council decided yesterday to review its investments in fossil fuels . The council passed a resolution to seek information on how other municipalities like Roskilde in Denmark and Oslo in Norway changed their investment policies to ban fossil fuel companies from their portfolio. The council also decided to research investment opportunities free from (More...)

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