First city in Germany bans fossil fuels from investments
The City of Münster has become the first German city to ban investments in coal, oil and gas companies in response to the mounting threat of climate change
Münster’s new ethical investment policy  requires its two municipal pension funds worth €22 million to invest exclusively in ethically and environmentally sound companies. Fossil fuel corporations such as RWE, Total, Shell and BASF will be excluded.
Councillor Otto Reiners says: “To minimise financial risks for the City of Münster and reach our municipal climate targets, we need to pull out of fossil fuel companies as quickly as possible.” ….