Covering what’s really going on in Bristol
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

Read more on: environment, fossil fuels...

Comments

Report a comment

  • Aryt Alasti says:

    See my comment about the same topic under “100,000 local people are being told investing in oil can avert climate change.”

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Your email address will not be published.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.

Bristol And Beyond Banner Home Page

100,000 local people are being told investing in oil can avert climate change

Reports Waste Capital

Avonmouth fly infestation: cries for council tax strike

Reports City Waste Capital

Infestation in Avonmouth: Return of the flies…

Waste Capital City Reports

Controversial waste plant gets final go-ahead after council error

Features Ideas And Action Banner Home Page

Cultivating futures at the Severn Project

Banner Home Page Bristol And Beyond

Opinion: Why progressive cities let cyclists run red lights

The essential stories you wont find elsewhere

Subscribe to our fortnightly newsletter