Millions of UK public sector pensions 'exposed to risky fossil fuel investments'
by Damian Carrington from on (#ND24)
Millions of local government workers have over 3,000 each in potentially risky fossil fuels investments through their pension schemes
Millions of teachers, social workers and other council employees have over 3,000 each in coal, oil and gas investments as part of their pension pots - assets that are at risk of falling in value as the world tackles climate change.
The first analysis of the 231bn in assets held by 4.6m local government workers through their pensions schemes has revealed a total of 14bn in fossil fuel investments, with the Greater Manchester and Strathclyde schemes having the largest holdings.
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