Copenhagen bans investments in coal, oil and gas

The City of Copenhagen will pull its investments out of coal, oil and gas companies. The city council agreed yesterday evening to divest the fossil fuel holdings of the city’s 6.9bn kroner (€920m) investment fund.
Danish divestment campaigner Katrine Ehnhuus commented: “The decision to stop investments in fossil fuels has put Copenhagen on the right side of history. We know that the fossil fuel industry has deliberately misled the public on climate change and lobbies aggressively to prevent effective climate policies. Against this backdrop, it is clear that public money should no longer be going towards these companies. We hope that this decision will encourage cities around the world to follow in Copenhagen’s footsteps. …