A Dozen Mayors Call for Cities to Divest from Fossil Fuels
Here in Paris, a group of mayors from around the world have issued an open letter calling on cities to divest from fossil fuels. The mayors represent a dozen cities, from Portland, Oregon to Oslo, Norway to Moreland City, Australia. All of the mayors who have signed the letter have already committed to either fully or partially divesting the city’s investments and pension funds from fossil fuels. They are part of a global movement in which more than 500 institutions with $3.4 trillion in assets have committed to fossil fuel divestment.
Published on Dec 4, 2015
On Monday, President Obama praised fellow world leaders for submitting voluntary pledges to cut greenhouse gas emissions. “Already, prior to Paris, more than 180 countries representing nearly 95 percent of global emissions have put forward their own climate targets,” Obama said. “That is progress. But a handful of nations are refusing to make pledges.” We speak to Nicaragua’s chief climate negotiator, Paul Oquist, about why his country refused to submit a pledge.