Off the wire
• FLASH: SYRIAN PEACE TALKS IN GENEVA MAY RESUME MUCH EARLIER: UN ENVOY'S OFFICE  • 3 die of muti-resistant bacteria in Portugal hospital in January  • Urgent: UN Envoy's office says Syrian peace talks may be resumed "much earlier"  • Roundup: U.S. stocks end mixed as oil soars  • 1st LD Writethru: U.S. dollar slumps amid soft data, Dudley comments  • Rome faces low-sum rental scandal  • Colombian guerrillas call on U.S. to help finance peace process  • Germany's benchmark DAX index continues to decline  • Foreign exchange rate of Euro to other currencies  • Portugal to raise taxes in state budget for 2016: lawmakers  
You are here: 　 Home

Copenhagen mayor proposes to divest from fossil fuels

Xinhua, February 4, 2016 Adjust font size:

Copenhagen mayor Frank Jensen has proposed that the Danish capital should divest from fossil fuels such as oil, gas and coal, according to a statement issued on Wednesday.

"Copenhagen is one of the world's greenest cities, and we are racing to become the first carbon-dioxide-neutral capital city," Jensen was quoted as saying in the statement.

"We find it completely inappropriate that the city still has investments in the oil, coal and gas industries," said the Social Democrat mayor.

On Tuesday, members of the Copenhagen City Council's Finance Committee made a commitment to avoid making investments in firms whose primary activity is the production of oil, coal and gas.

The city will now seek to develop an investment strategy that excludes firms whose primary activity is the production of non-renewable energy, according to the statement.

"I believe this is in line with the wishes of many Copenhagen residents that we become a greener city," Jensen said.

Oslo became the first capital city to divest from fossil fuels last year, while Newcastle in Australia has also made a divestment commitment.

Copenhagen has previously set a goal to become the world's first CO2 neutral capital by 2025. Endit