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Scottish green campaigners reveal local authority pensions have more than £1.2 billion invested in fossil fuel companies


SCOTTISH local authority pensions have more than £1.2 billion invested in fossil fuel companies, green campaigners revealed today.
Friends of the Earth Scotland (FoES) said many councils that have declared a climate emergency have not taken action to end their investments in coal, oil and gas firms.
It said that Strathclyde Pension Fund was the worst offender, with more than £508 million invested in polluting companies such as Shell, BP and Exxon, while the Lothian fund had about £165m invested in fossil fuel firms.
With Glasgow due to host the UN climate conference later this year, activists said there is now a clear deadline for funds to address their fossil fuel investments. ....

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