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 becoming climate neutral by 2050. The new investment policy will ban coal, oil and gas companies from the city’s €750 million pension fund, which includes shares in companies such as RWE, E.ON and Total.
