Switzerland. Zurich scientists urge state pension fund to divest from fossil fuels
Professors and researchers from Zurich’s Federal Institute of Technology (ETH Zurich) have joined the chorus of civil society actorsexternal link calling for the Swiss state pension fund to divest from fossil fuels.
In a letterexternal link to Publica, one of the largest pension funds in Switzerland, 166 experts from ETH Zurich, including 128 professors, demanded it stop investing in climate-damaging companies within five years.
Publica currently invests around 2% or CHF800 million ($807 million) of the CHF40 billion on its balance sheet in companies operating in the fossil fuel sector, the primary source of CO2 emissionsexternal link.
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