---
title: Göttingen withdraws funds from coal, oil and gas companies
date: 2017-05-13T14:04:00Z
modified: 2023-08-02T12:52:09Z
permalink: "https://350.org/gottingen-withdraws-funds-from-coal-oil-and-gas-companies/"
type: post
status: publish
excerpt: ""
wpid: 50708
categories:
  - Finance
tags:
  - germany
  - Global Divestment Mobilisation
featured_image: /wp-content/uploads/2017/05/FF-Gottingen-430x286.jpeg
author: The 350.org Team
---

![](https://350.org/wp-content/uploads/2017/05/FF-Gottingen-430x286.jpeg)

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](https://gofossilfree-org.gofossilfree.org), 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.