Municipalities are investing taxpayer money in fossil fuels and weapons

A new database compiled by Danwatch and Gravercentret reveals that Denmark’s municipalities and regions have invested a total of DKK 414 million of taxpayer money in problematic securities including weapons companies and fossil fuel giants like TotalEnergies, Shell, Chevron and Aramco.

Denmark is the largest oil producer in the EU, and its municipalities and regions are making significant investments in big oil, according to a new database of financial investments compiled by Danwatch and Gravercentret. Photo: Pixabay

Oct 21, 2024

Danish municipalities and regions have invested several hundred million kroner in securities blacklisted as problematic by Danish pension companies or the UN, according to a new database compiled by the investigative medias Danwatch and Gravercentret.The database maps for the first time the investments of Denmark’s 98 municipalities and five regions.In total, they have invested DKK […]

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