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

'Patchy and inconsistent': European asset managers accused of falling short on sustainability disclosures

'Patchy and inconsistent': European asset managers accused of falling short on sustainability disclosures

Latest analysis by ShareAction ahead of EU's review of Sustainable Finance Disclosure Regulation warns most asset managers are 'missing the mark' with their disclosure practices

clock 28 May 2025 • 4 min read
Study: Top banks accused of continuing to finance fossil fuel expansion, despite net zero commitments

Study: Top banks accused of continuing to finance fossil fuel expansion, despite net zero commitments

Analysis by InfluenceMap claims Barclays, HSBC, Lloyds, and NatWest are all continuing to finance fossil fuel projects that could undermine net zero targets

clock 28 May 2025 • 4 min read
'Alarming failures': Are asset managers stalling on their responsible investment promises?

'Alarming failures': Are asset managers stalling on their responsible investment promises?

Latest benchmark ranking of asset managers by ShareAction warns progress on sustainable investment is stagnating, even as climate risks intensify

clock 21 May 2025 • 8 min read