Local government councils still holding £10bn investment in fossil fuels

Hope William-Smith
clock • 3 min read

UK local government pension funds held £9.9bn worth of investments in fossil fuel companies in the 2019/20 year despite promoting moves towards greener investing, a freedom of information (FoI) request shows.

While over 75% of local councils have declared a "climate emergency" the FoI found a significant tilt toward fossil fuels remains prevalent in many councils' pension funds. Findings in the Dives...

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 Investment

Partner Insight: Five forces shaping the data centre investment landscape

Partner Insight: Five forces shaping the data centre investment landscape

From AI and cloud demand to power constraints, five structural forces are reshaping data centre investing.

Principal's Global Data Centre Team
clock 26 October 2026 • 6 min read
TPR publishes guidance to help guard against 'hidden' AI portfolio exposure

TPR publishes guidance to help guard against 'hidden' AI portfolio exposure

Regulator publishes new concentration risk guidance as AI embeds in global markets

Alex Levy
clock 22 October 2026 • 2 min read
Partner Insight: From load to lever - AI's mispriced role in the energy transition

Partner Insight: From load to lever - AI's mispriced role in the energy transition

Electricity demand associated with AI is testing already-constrained power systems. Could the same technology also help reduce energy waste, manage demand, unlock grid capacity and integrate clean power?

Allspring Global Investments
clock 22 October 2026 • 6 min read
Trustpilot