Parliament pension fund cuts fossil fuel investments

Pot worth 700m raises holdings in renewable energy after cross-party campaign

Parliament's pension fund has made record investments in renewable energy and cut its exposure to fossil fuel companies to bring MPs' pensions in line with the government's climate action targets.

A report from the 700m pension fund showed that almost a third is now being invested in low carbon and environmentally sustainable funds following calls from hundreds of MPs to align the fund with the government's legally binding climate commitments.