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May 13, 2017

Göttingen withdraws funds from coal, oil and gas companies

The 350.org Team

Climate activists hold "Fossil Free" banner in German town square, demanding "No money for coal, oil & gas" in front of historic half-timbered buildings.
Climate activists hold "Fossil Free" banner in German town square, demanding no money for coal, oil & gas. Historic half-timbered buildings visible in background.

Göttingen has decided to divest from all investments in the fossil fuel sector because of the industries continued pursuit of climate-wrecking business activities. A meeting of the city council’s finance committee today approved a motion that had been submitted last week.

“This is a reason to celebrate! Not only is this an important decision for Göttingen, but it also sets a great example for other large cities”said Luisa Neubauer, spokesperson for Fossil Free Göttingen.

Fossil Free Göttingen has been running a public campaign for months and will be staging an action today to celebrate the news. The decision came during the Global Divestment Mobilisation, a wave of global action between 5 – 13 May 2017.  Thousands of people all over the world have been taking action to divest their institutions from the industry driving a global climate crisis.