Deutsche Bank to stop financing coal projects – or is it?
One of the world’s ten largest coal financiers, Deutsche Bank, is to stop all new loans to coal projects and gradually reduce its existing financing to thermal coal projects. On the surface, this sounds good, but we dig behind the PR in their headlines.
First German Doctors’ Pension Fund divests from coal
Another divestment success as the Berlin Doctor’s Pension Fund has committed to partially divest from coal companies, and doctors continue to push for full divestment from all coal, oil and gas companies.
Four German states already planning divestment. Saxony-Anhalt and Bremen could follow soon.
Article translated from the original by Tine Langkamp After three years of divestment campaigning in Germany we’ve seen remarkable growth…
Stuttgart pulls out of fossil fuels
Stuttgart, capital of the federal state of Baden-Württemberg in the southwest of Germany, decided today to pull its funds out…