With more than $46 Trillion in assets worldwide, pension funds are one of the largest institutional investors in fossil fuels.
Given the growing financial risk facing fossil fuel companies, it is no longer a responsible investment to put our hard earned pension dollars into an industry that is wreaking havoc on our planet and frontline communities. Nearly 30% of fossil fuel industry shares are held by pension funds – with as much financial power as pension funds hold, they could be a force to reckon with in the battle to address the climate crisis.
Climate Safe Pensions - Stand.earth
That’s horrifying. The only choice is not to play.