Councils face '£2bn' pension fund hole from failed oil investments

Hope William-Smith
clock • 1 min read
 More than £1.75bn has been wiped from the pension funds of councils across the UK after three years of crashing oil investments, research shows.
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More than £1.75bn has been wiped from the pension funds of councils across the UK after three years of crashing oil investments, research shows.

More than £1.75bn has been wiped from the pension funds of councils across the UK after three years of crashing oil investments, research shows.

Transition Economics analysis commissioned by research agency Platform tracked the combined investments of 56 local government pension funds into nine leading oil companies between April 2017 and November...

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