Copenagen to futher enhance its green-image by divesting itself of all fossil fuel investments

Copenhagen mayor, Frank Jensen - his
city it to divest itself of
all coal, oil and gas investments.

Copenhagen’s mayor has announced plans to divest the city’s 6.9bn kroner (£700m) investment fund of all holdings in coal, oil and gas.

If his proposal is approved at a finance committee meeting next Tuesday, as expected, the Danish capital will become the country’s first investment fund to sell its stocks and bonds in fossil fuels.

“Copenhagen is at the forefront of world cities in the green transition, and we are working hard to become the world’s first CO2 neutral capital in 2025. Therefore it seems totally wrong for the municipality to still be investing in oil, coal and gas. We must change that,” the city’s mayor, Frank Jensen, told the Danish newspaper, Information, which first reported the story.

“I think this move sits well with Copenhagen’s desire for a green profile for their city,” he added.

Read The Guardian story - “Copenhagen set to divest from fossil fuels.”