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"MP pension fund now supports renewables but remains heavily invested in Shell and BP, annual report shows.
The 2019 annual report for the £733 million MP Pension Fund shows that the fund remains heavily invested in Royal Dutch Shell (£8m) and BP PLC (£4.4m), despite hundreds of current and former MPs urging the fund to divest from oil and gas companies due to accelerating climate breakdown.
Compared to previous years, the fund’s holdings in fossil fuel companies have decreased due to the use of ‘low-carbon’ investment vehicles.
For the first time, 5 percent of the fund’s investments are dedicated to renewable infrastructure, which will help build wind and solar farms across the world." ～Brendan Montague @The Ecologist
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