National Trust to divest £1bn portfolio from fossil fuels
by Matthew Taylor from Environment | The Guardian on (#4JFRK)
Move by heritage body follows revelations last year about oil and gas investments
The National Trust is divesting its 1bn portfolio from fossil fuels in an attempt to help tackle the escalating climate crisis.
The organisation, which looks after 780 miles (1,250km) of coastline, 248,000 hectares (612,000 acres) of land and more than 500 historic houses, castles, monuments and parks, said it would withdraw the vast majority of its investments from fossil fuels within 12 months, and the entirety within three years.
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