Pensions must do right thing on climate crisis, says minister

Call for support for schemes moving people's money from fossil fuels into renewables

Pension schemes should be supported for moving people's money out of fossil fuels and into renewables because the financial risks from the climate crisis are "too important to ignore", a government minister will say on Monday.

The pensions minister, Guy Opperman, is due to tell a conference that pension and investment managers must "do the right thing" and take their environmental and social responsibilities seriously to help combat the climate emergency.