Press Releases

£2 billion of Scottish council pension funds is invested in the fossil fuel industry, according to new analysis by Platform and Friends of the Earth Scotland.

Councils, pension funds and financial institutions are being urged to take action to simultaneously address the crises of fuel poverty, climate breakdown and energy security by fossil fuel divestment groups across the UK.

Campaigners have welcomed its decision today to pass a motion calling on the £8 billion Lothian Pension Fund to end its investments in fossil fuel companies. 

International investment expert Mark Campanale has said that the Strathclyde Pension Fund is risking people’s pensions by investing in fossil fuel companies.

Climate campaigners have welcomed East Lothian Council’s decision today (25 October) to pass a motion calling on the Lothian Pension Fund to end its investments in fossil fuel companies that are driving the climate crisis. 

Strathclyde Pension Fund, run by Glasgow City Council, is accused of backtracking on its climate commitments today as it reveals it has failed to sell a single investment in fossil fuel companies, despite fossil fuel divestment being agreed by councillors a year ago.