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£24bn Strathclyde Pension Fund agrees to put fossil fuel firms 'on notice'


Campaigners had called for the £24bn fund to divest from fossil fuels altogether, but instead a climate test will be used
SCOTLAND’S largest local government pension fund has said it will drop investments in fossil fuel firms that fail to act on the climate emergency following calls from protesters.
Protesters gathered in Glasgow’s George Square on May 29 and 31 urging the city’s pension fund to end its £508 million investments in coal, oil and gas companies to tackle the worsening global warming crisis.
While the £24 billion Strathclyde Pension Fund has agreed to divest from companies which “don’t take their responsibilities on carbon or climate seriously”, it has not said that it will drop fossil fuels from its portfolio altogether. ....

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Greens call for councils to stop investing millions in fossil fuels


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