Bristol’s home of in-depth journalism
Powered by 2,000+ members
The Bristol Cable

106,000 local pension fund members are further invested in dirty energy. But new rules may make it easier to drop fossil fuels.

The £4.4 billion Avon Pension Fund that administers pensions for 106,000 public sector workers in the former Avon area, has significantly increased controversial investments in fossil fuels that cause climate change.
on how .

A like-for-like analysis over the past two years has shown increased investment in four out of six oil and gas companies. The fund has dropped some investments in the sector, but also picked up new investments in other companies such as Glencore who have recently doubled down on coal, the dirtiest fossil fuel of all.

While also investing significantly in low carbon industries, the fund has so far rejected fossil fuel divestment as too financially risky. Instead, they’re aiming to persuade companies to adopt cleaner practises, in pursuit of better outcomes for the environment and financial returns for the fund.

See for the funds full investments – Google spreadsheet

Support the journalism Bristol needs.

Thanks to the 2,000+ members who support the Cable, our in-depth journalism is free for everyone. Together, we empower readers with independent and investigative local reporting. Join us and be a part of Bristol’s reader-owned media cooperative.

Join the Cable

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Banner Home Page Listen: Bristol Unpacked With Neil Maggs

Listen: Bristol Unpacked with David Goldblatt, on how sport can help save us from climate change

Reports Coronavirus In Bristol

Cars to be banned from parts of Bristol city centre in major boost for cycling and walking

Banner Home Page Opinion

‘We need nature to help stem Bristol’s flood risk’

Banner Home Page Solutions In Bristol Edition 22

How to heat your home, save cash and the planet

Ideas And Action Interviews

The Bristolian 17-year-old campaigning for racial justice in climate change movement

Solutions In Bristol Edition 22 Banner Home Page Co-op Community

We asked: What needs solving in Bristol?

In Bristol

The essential round-up

Sent to your inbox every Friday