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

Christian Aid launches £20m investment vehicle to boost community climate resilience

Christian Aid launches £20m investment vehicle to boost community climate resilience

New fund will back locally-owned businesses, but charity warns investment cannot replace reduced aid budgets

Stuart Stone
clock 24 September 2026 • 4 min read
Governance and shareholder rights top sustainability concerns for asset owners

Governance and shareholder rights top sustainability concerns for asset owners

FTSE Russell survey also reveals growing concerns over how portfolios are being hit by escalating physical climate impacts

Michael Nelson, Investment Week
clock 23 September 2026 • 2 min read
Government-backed River Thames 'mega heat project' aims to unlock £5bn investment

Government-backed River Thames 'mega heat project' aims to unlock £5bn investment

Government confirms latest £90m wave of funding to support delivery of new heat networks in London, Bradford and Solihull, as well as upgrades to 76 existing schemes

Stuart Stone
clock 23 September 2026 • 4 min read