Europe

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 of fossil fuels in response to the mounting threat of climate change. The new investment criteria will see the city drop about 75 Stoxx-Europe listed companies engaging in coal, oil and unconventional gas or fracking (More...)

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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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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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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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Uppsala divests, throws down the gauntlet to other cities

Uppsala just became the largest city in Sweden so far to commit to divest itself from fossil fuels, after the city council voted to ban investments in coal, oil and gas.  The move is designed to bring the city’s financial policies in line with its policies to reduce carbon emissions. Following in the footsteps of Örebro, Sweden’s fourth largest (More...)

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6 lessons on how we won a £7 billion Norway divestment

Here in Norway, we recently secured one of our biggest climate wins, if not one of the world’s biggest climate wins. Early June, Parliament decided that the Norwegian Government Pension Fund (often called “the oil fund”) is to divest from coal burning and coal producing companies. The decision means that about £7.7 billion GBP ($8.4 (More...)

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A cheeky collection of our favourite climate actions yesterday

Yesterday saw a huge day of international, coordinated action against the fossil fuel industry and corporations fuelling the climate crisis — from the UK where grassroots activist network Reclaim the Power launched a record-breaking 18 creative actions in a day to big events in Luxembourg, France, Switzerland and Germany. Reclaim the Power Round-up: United Kingdom (More...)

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