UK. Scots council pension funds ‘put at risk’ over fossil fuel investments
SCOTTISH councils are putting at risk their pension funds and face a possible legal challenge by failing to ditch investments in companies most responsible for climate change, according to a new report.
While £1.7 billion is being invested in fossil fuel firms, just £234 million is being invested in renewable energy and social housing across all Scotland’s council pension funds, according to a study by think tank Common Weal, Unison Scotland and Friends of the Earth Scotland.
The study by think tank Common Weal, Unison Scotland and Friends of the Earth Scotland says the amount invested in fossil fuel companies has not changed despite governments around the world signing up to tackle climate change in Paris in December, 2015.
Full Content: Herald Scotland
