Report: UK council pension funds investing almost £10bn in fossil fuels

Cecilia Keating
clock • 5 min read

Analysis from Friends of the Earth and Platform finds three per cent of the total value of the Local Government Pension Scheme is invested in coal, oil and gas

Local government continues to indirectly plough billions of pounds into fossil fuels through employee pension funds, despite three quarters of local councils across England, Scotland, Wales, and Northern...

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

'Climate Chaos': World's top 65 banks committed over $900bn to fossil fuel firms in 2025

'Climate Chaos': World's top 65 banks committed over $900bn to fossil fuel firms in 2025

Financing for coal, gas and oil rose for second successive year in 2025, led by continued investment from banks in the US and Japan

Michael Holder
clock 09 June 2026 • 5 min read
FCA moves to simplify UK climate risk reporting for investment funds

FCA moves to simplify UK climate risk reporting for investment funds

UK's Financial Conduct Authority launches consultation over changes to climate risk reporting rules it estimates could save the investment management sector £20m a year

Robin Amos, Investment Week
clock 05 June 2026 • 2 min read
Railpen divests from Nestlé over governance and climate concerns

Railpen divests from Nestlé over governance and climate concerns

Pension fund manager cites 'limited transparency' around Nestlé's climate plans among several concerns as it revealed it divested its entire holding in the Swiss firm in late 2025

Holly Roach, Professional Pensions
clock 05 June 2026 • 2 min read