Copenhagen set to divest from fossil fuels

The mayor of Denmark's capital launches a push to withdraw the city's 700m investment fund out of coal, oil and gas holdings

Copenhagen's mayor has announced plans to divest the city's 6.9bn kroner (700m) investment fund of all holdings in coal, oil and gas.

If his proposal is approved at a finance committee meeting next Tuesday, as expected, the Danish capital will become the country's first investment fund to sell its stocks and bonds in fossil fuels.