fuel extraction: We have a pensions infrastructure in the UK which is fundamentally unfit for purpose when it comes to climate change There are almost no company pension schemes in Britain that allow the employee to stop their money going into fossil fuel extraction, according to The Guardian. Yet it should be as simple as pressing a few buttons on a workplace computer. So why, when the climate crisis demands urgent action, is it still virtually impossible to control where the biggest sum of money any of us are likely to accumulate our pension is invested Do you want to make sure your pension money is not being used to support the extraction and burning of coal Fracking Or drilling for oil in the Amazon or Antarctic Good luck with that. Instead, we have a pensions infrastructure in the UK which is fundamentally unfit for purpose when it comes to climate change. Environmentalists make a good case that investing in oil companies will be a bad financial decision because the huge reserves of oil that make up much of their value will become stranded assets as we stop burning fossil fuels. This is not to argue that you should be forced to divest your pension from fossil fuel companies.
(news.financializer.com). As
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Tagged under fuel extraction, pensions infrastructure topics.