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

BlackRock expands impact offering through collab with Phenix Capital Group

BlackRock expands impact offering through collab with Phenix Capital Group

Offering will help clients translate impact objectives into investable portfolios

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Partner Insight: Can stewardship shape real world outcomes for pension funds?

Partner Insight: Can stewardship shape real world outcomes for pension funds?

Royal London Asset Management
clock 23 July 2026 • 5 min read
The DC scheme scramble for private assets

The DC scheme scramble for private assets

Charlotte Moore finds DC plans are facing challenges around speed of deployment, scale and crowded trades

Charlotte Moore
clock 16 July 2026 • 5 min read
Trustpilot