Friends of the Earth UK: Revealed - pound sterling16bn in Local Government Pensions Fuelling Climate Crisis
October 24, 2023
October 24, 2023
LONDON, England, Oct. 24 (TNSres) -- Friends of the Earth UK issued the following news release:
* * *
Just 10% of funds hold over 50% of LGPS fossil fuel investments
* * *
pound sterling16 billion of the Local Government Pension Scheme (LGPS) is invested in the fossil fuel industry, according to new analysis by Platform and Friends of the Earth.
Despite clear guidance [1] that investors should not fund new oil and gas projects, loc . . .
* * *
Just 10% of funds hold over 50% of LGPS fossil fuel investments
* * *
pound sterling16 billion of the Local Government Pension Scheme (LGPS) is invested in the fossil fuel industry, according to new analysis by Platform and Friends of the Earth.
Despite clear guidance [1] that investors should not fund new oil and gas projects, loc . . .