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...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

Budget 26: Key takeaways for pensions from Healey's first Budget

Budget 26: Key takeaways for pensions from Healey's first Budget

Relatively quiet ahead of major pension reforms coming into force

Holly Roach
clock 29 October 2026 • 3 min read
IHT on pensions gets technical changes ahead of 2027 start

IHT on pensions gets technical changes ahead of 2027 start

Rules on liabilities linked to trusts also tightened

Jen Frost
clock 29 October 2026 • 3 min read
Budget 26: Industry welcomes 'quiet' and 'low-key' Budget for pensions

Budget 26: Industry welcomes 'quiet' and 'low-key' Budget for pensions

Industry says government may be ‘keeping its powder dry’ ahead of Pensions Commission’s final report

Martin Richmond
clock 28 October 2026 • 5 min read
Trustpilot