News Digest Item
24 Jun 2016

“Berlin is the latest city to pull out of fossil fuels”

Abgeordnetenhaus Berlin / The Huffington Post

In line with a global divestment movement, the city of Berlin has decided to divest its money from “companies whose business model contradicts the goal of climate neutrality,” according to the text of a parliamentary proposal approved by the plenary. The decision “will force the city’s pension fund — worth 852.8 million US-dollar, or 750 million euros — to divest from shares of German oil giants RWE and E.ON, as well as the French behemoth Total,” writes the Huffington Post.

Read the article in English here.

Find the parliamentary proposal in German here.

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