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    Deutsche Welle: Ever more cities divesting from fossil fuels

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Summary

Örebro in Sweden, Boxtel in the Netherlands and Seattle in the USA are all part of a growing push for cities to pull their money out of fossil fuels

by: Sruthi

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Press Notes

Deutsche Welle: Ever more cities divesting from fossil fuels

Örebro in Sweden, Boxtel in the Netherlands and Seattle in the USA are all part of a growing push for cities, organizations and foundations to pull their money out of fossil fuels and raise moral debate around the issue.

The small cities of Boxtel in the Netherlands and Örebro in Sweden may at first glance seem to have little in common with the world's former grunge music capital Seattle - but all have recently become part of a growing push for cities and towns to get their investments out of fossil fuels in a bid to slow climate change.

This summer, Örebro became the 30th local authority to divest from oil, gas and coal funds, reducing its investments from 2 million to 655,000 euros, with others likely to follow next year as part of the "Fossil Free" movement.

Örebro's mayor Lena Baastad said the city's investments should better reflect its environmental and renewable energy goals.
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