UK schemes invest £88bn into fossil fuels industry

MMMM research finds average UK pension holder invests over £3,000 into fossil fuels

Martin Richmond
clock • 3 min read
North Sea oil platform in Cromarty Firth, Scotland
Image:

North Sea oil platform in Cromarty Firth, Scotland

UK pension schemes have invested approximately £88bn into the oil and gas industries despite their own commitments to reach net zero, research from Make My Money Matter (MMMM) has shown.

The company's Fossil Fuels in UK Pensions report - published today (28 June) - found over 50 schemes who have outlined commitments to reach net zero have also not dismissed further investments in f...

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