Germany: Berlin city house of representatives votes to divest from fossil fuels in line with goal of going "climate neutral" by 2050

Author: James Ayre, CleanTechnica, Published on: 27 June 2016

"Berlin’s Parliament Has Voted To Divest From Fossil Fuels",

[T]he Berlin parliament voted to blacklist investment into companies that are incompatible with the city’s stated goal of going “climate neutral” by the year 2050. The policy will relate to Berlin’s €750 million pension fund — which currently holds investments in E.ON, RWE, and Total, amongst others.The decision means that Berlin is following in the footsteps of a number of other prominent European cities — Paris, Copenhagen, Stockholm, etc. — and thusly, making a show of its move away from fossil fuel investment...The divestment process is expected to begin sometime before or by January 2017, reportedly. The government of Berlin will be working with parties yet to be determined to identify an appropriate plan of action...

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Related companies: E.ON RWE