City

Utrecht calls on ABP to divest from fossil fuels

In a letter which was recently sent by the City of Utrecht to the pension fund ABP, the municipality is asking them “to withdraw any investments from the fossil industry as quickly as possible, starting with coal, nuclear and shale gas”. The municipality points out the financial risks of the carbon bubble, and states that (More...)

City Europe Netherlands

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...)

City Denmark divestment Europe Municipality

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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