UK Environment Agency divests in landmark move to help meet 2C limit
by Damian Carrington from on (#QYB3)
Pension fund will divest 90% of coal assets and 50% of oil and gas stocks by 2020 to help limit global warming and protect the fund from climate risk
The 2.9bn UK's Environment Agency pension fund (EAFP) has become the first in the world to change its investment choices to help meet the internationally-agreed target of limiting global warming to 2C.
The move will include divestment of 90% of its coal assets and 50% of its oil and gas stocks by 2020.
