UK parliament pension fund takes first step towards fossil fuel divestment

Exclusive: trustees reconsidering rules of investments to take account of climate change risk

Parliament's pension fund trustees are to reconsider the rules of their investments to take account of the risk of climate change, in a first for MPs' finances.

While stopping short of a promise to fully divest from fossil fuels, the pledge by the trustees marks an important first step towards assessing and reducing the effect of the pension fund's investments - which are ultimately paid for by the taxpayer - on climate change.