Party Mp and Companies

move: The move is a victory for a group of MPs from all parties who have long campaigned for changes that would stop the funds which amount to more than 700m being invested in companies that promote or benefit from fossil fuels, thus exerting economic pressure on them to reduce greenhouse gas emissions, according to The Guardian. Caroline Lucas, the Green party MP who has been campaigning for reform of the fund, said Protecting the natural world is now humanity's greatest mission, so this change of tack from the MPs' pension fund is very welcome. While stopping short of a promise to fully divest from fossil fuels, the pledge by the trustees marks an important first step towards assessing and reducing the effect of the pension fund's investments which are ultimately paid for by the taxpayer on climate change. It has taken four long years to get to this point, but the trustees finally now appear to accept that fossil fuels are a risky investment, both for savers and the planet, and this marks a significant change in policy. Last week, Norway's national oil fund began to refocus on renewable energy. Around the world, the divestment campaign targeting investors with large holdings in fossil fuels has gathered pace in the last five years and won notable victories. (news.financializer.com). As reported in the news.