London ‘put to shame’ by New York fossil fuel divestment

Campaigners say London mayor has fudged a similar manifesto promise to divest the city's remaining pension funds from fossil fuels

London has been put to shame by New York's decision to divest city pension funds from fossil fuel companies, according to climate campaigners who accuse the mayor, Sadiq Khan, of fudging a similar promise he made during his election campaign.

Global efforts to drive investment away from oil, gas and coal were given a major boost last week when the biggest city in the US announced plans to sell off its $5bn holdings in fossil fuel assets and sue the world's most powerful oil companies over their contribution to dangerous global warming.