Research: UK council pension funds investing £4bn in firms expanding North Sea oil and gas production

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Exclusive: Billions of pounds invested by local government pension funds in oil and gas production, analysis by The Bureau of Investigative Journalism finds

Public sector workers in the UK are funding companies responsible for drilling new oil and gas wells in the North Sea to the tune of more than £4bn through their pension savings, analysis by the Bureau...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Schroders launches global equity impact fund

Schroders launches global equity impact fund

New fund to target companies focused on solving societal and environmental challenges

Damisola Sulaiman, Investment Week
clock 21 February 2024 • 1 min read
Study: Majority of UK pension providers have 'inadequate' climate plans

Study: Majority of UK pension providers have 'inadequate' climate plans

Make My Money Matter campaign claims just three UK pensions providers have 'adequate' climate plans in place

Martin Richmond
clock 21 February 2024 • 3 min read
Why British battery storage sector revenue woes are posing challenges for investors

Why British battery storage sector revenue woes are posing challenges for investors

Weak revenue challenges have plagued a trio London-listed energy storage investment trusts in recent months, a situation investment analysts expect to persist for the time being

Valeria Martinez
clock 20 February 2024 • 7 min read