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.
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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.

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 Divesting...

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