Pensions scheme Nest ditches ExxonMobil and string of oil firms over climate concerns

Cecilia Keating
clock • 4 min read
Nest represents a third of the UK's workforce pensions | Credit: iStock
Image:

Nest represents a third of the UK's workforce pensions | Credit: iStock

Nest claims firms have ‘not done enough’ on climate to remain shareholders, in move prompted by UBS Asset Management's decision to eject firms from 'climate aware' fund

Government-backed pensions scheme Nest has divested from a string of carbon-intensive fossil fuel companies, including US oil major ExxonMobil and Canada's Imperial Oil, citing concerns over their failure...

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