Sir Ed Davey: Pension funds must divest from fossil fuels and stop worsening the climate crisis

Stephanie Baxter
clock • 4 min read

A former energy and climate change secretary has said that by continuing to invest in fossil fuel firms, pension schemes are just making the climate change crisis even worse.

Sir Ed Davey, who is Liberal Democrat MP for Kingston and Surbiton, called on both private and public sector funds to urgently start divesting from "increasingly risky" fossil fuel assets and reinv...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Is the 'institutional spring' under threat from Gen Z disconnect?

Is the 'institutional spring' under threat from Gen Z disconnect?

Archie Pritchett says unless reform reaches savers, 2026's progress will bloom where nobody is looking

Archie Pritchett
clock 10 April 2026 • 4 min read
Is 3i v Decesare a further move away from Courage?

Is 3i v Decesare a further move away from Courage?

Kate Payne and Archana Gupta say a more robust approach may now be more defensible

Kate Payne and Archana Gupta
clock 09 April 2026 • 5 min read
PMI: Why a new pension system needs a new regulatory approach

PMI: Why a new pension system needs a new regulatory approach

Helen Forrest Hall says the future lies in regulating people rather than process

Helen Forrest Hall
clock 31 March 2026 • 4 min read
Trustpilot