Carbon bubble? UK councils hold £16bn in fossil fuel investments

Michael Holder
clock • 2 min read

Progress to shift away from high-carbon investments remains slow despite warnings of transition risk

Local councils across the UK have £16.1bn of their workers' pensions invested in fossil fuel companies and are failing to take account of climate change risk in their investment policies, divestment campaigners...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

What are the top priorities in the next Prime Minister's climate policy in-tray?

How the UK is set for a tree planting shortfall the size of Portsmouth by 2030

More on Investment

Report: Green business M&A activity hits $4.1tr since 2015
Investment

Report: Green business M&A activity hits $4.1tr since 2015

New analysis from London Stock Exchange Group shows green deals are on the rise globally, but activity is concentrated among those businesses with existing low carbon holdings

Amber Rolt
clock 23 June 2026 • 2 min read
Study: Annual private nature investment grew five-fold over the past decade
Investment

Study: Annual private nature investment grew five-fold over the past decade

Institutional capital has established a 'stronger presence' in nature markets that were deemed 'fairly niche' only a decade ago, new study finds

Stuart Stone
Stuart Stone
clock 22 June 2026 • 4 min read
Pensions sector sustainability groups commit to closer collaboration
Investment

Pensions sector sustainability groups commit to closer collaboration

TSWG and ICSWG say co-operation could lead to more 'practical' and 'impactful' action

Martin Richmond
Martin Richmond
clock 22 June 2026 • 2 min read