{"id":12085,"date":"2016-07-20T16:26:33","date_gmt":"2016-07-20T16:26:33","guid":{"rendered":"http:\/\/gofossilfree.org\/stuttgart-pulls-out-of-fossil-fuels\/"},"modified":"2016-08-08T09:36:54","modified_gmt":"2016-08-08T09:36:54","slug":"stuttgart-pulls-out-of-fossil-fuels","status":"publish","type":"post","link":"https:\/\/gofossilfree.org\/divestment\/stuttgart-pulls-out-of-fossil-fuels\/","title":{"rendered":"Stuttgart pulls out of fossil fuels"},"content":{"rendered":"<p><b><\/b><span style=\"font-weight: 400;\">Stuttgart, capital of the federal state of Baden-W\u00fcrttemberg in the southwest of Germany, decided today to pull its funds out of fossil fuels in response to the mounting threat of climate change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The new investment criteria will see the city drop about 75 Stoxx-Europe listed companies engaging in coal, oil and unconventional gas or fracking from its current investments &#8212; including EnBW, EON, RWE, BASF and Bayer. The new guidelines also cover additional ethical investment criteria of environmental and social aspects as well as good governance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fossil Free Stuttgart has been pressuring the city to stop its investments in fossil fuels since July 2015. Their persistent lobbying efforts and creative actions paid off! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Carolin Jascheck of Fossil Free Stuttgart said: \u201cWe\u2019re so happy that Stuttgart recognises that it\u2019s unethical to pour public money into companies fueling climate change.\u201d<\/span><\/p>\n<a href=\"https:\/\/gofossilfree.org\/wp-content\/uploads\/sites\/52\/2016\/08\/Stuttgart-meme-en-fb.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7268 size-full\" src=\"https:\/\/gofossilfree.org\/wp-content\/uploads\/sites\/52\/2016\/08\/Stuttgart-meme-en-fb.png\" width=\"1200\" height=\"628\" \/><\/a>\n<p><span style=\"font-weight: 400;\">Stuttgart\u2019s new investment guidelines will apply to any new investments being made from 1 September 2016. Existing holdings that don\u2019t meet the new criteria will be dropped.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stuttgart developed its criteria based on the example of the City of M\u00fcnster &#8211; the first city in Germany that banned coal, oil and gas from its portfolio. Last month, Germany\u2019s capital city Berlin decided to divest from fossil fuels as well.<\/span><\/p>\n<p><a href=\"https:\/\/fossilfreestuttgart.wordpress.com\/\"><b>Find out more about Fossil Free Stuttgart<\/b><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/gofossilfree.org\/\"><b>find your nearest divestment campaign<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stuttgart, capital of the federal state of Baden-W\u00fcrttemberg in the southwest of Germany, decided today to pull its funds out<span class=\"text-cutoff\">&#8230;<\/span><\/p>\n","protected":false},"author":73,"featured_media":12086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[73,134,52,76,113],"tags":[232],"class_list":["post-12085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city","category-divestment-2","category-europe","category-germany","category-municipality","tag-stuttgart"],"acf":[],"_links":{"self":[{"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/posts\/12085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/comments?post=12085"}],"version-history":[{"count":0,"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/posts\/12085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/media\/12086"}],"wp:attachment":[{"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/media?parent=12085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/categories?post=12085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gofossilfree.org\/divestment\/wp-json\/wp\/v2\/tags?post=12085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}