Mon 19 Feb 2018 / North America,Europe
Pension funds divest from fossil fuels
Public pension funds are tasked with safeguarding the financial futures of their members, which requires making the best possible investment choices. There is a glaring irony when those choices may endanger the lives they are intended to support, such as when pension funds finance fossil fuel production. Public investment funds have a social function. Pressure to find the best returns have compromised this role. Policy-makers and fund managers must address how pension funds are contributing to global warming.