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

More on Investment

London's super sewer project offers UK's first 'Blue Bonds'

London's super sewer project offers UK's first 'Blue Bonds'

Company behind London's Thames Tideway Tunnel issues £250m eight year Blue Bond

clock 27 June 2025 • 2 min read
Study: Almost half the technologies required to meet net zero goals are on track to undercut fossil fuels by 2030

Study: Almost half the technologies required to meet net zero goals are on track to undercut fossil fuels by 2030

New data from the Energy Transitions Commission and Systemiq shows how rapid cost reductions are driving the accelerated roll out of clean technologies worldwide

clock 25 June 2025 • 2 min read
Survey: Nature increasingly seen as strategic priority for investors, despite ESG backlash

Survey: Nature increasingly seen as strategic priority for investors, despite ESG backlash

Nature increasingly recognised for its key role in driving both risks and returns, major survey of 500 investors worldwide suggests

Stuart Stone
clock 24 June 2025 • 4 min read