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Pressure put on £3bn pension fund to exit from investment in wind farm company

Pressure put on £3bn pension fund to exit from investment in wind farm company
walesonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from walesonline.co.uk Daily Mail and Mail on Sunday newspapers.

Anti-pylon campaigners concerns over council s funding

Fossil fuels: Wales local authority pension funds invest £500m

BBC News By Caleb Spencer image captionWales has a target of achieving net-zero carbon emissions by 2050 More than half a billion pounds was being invested in fossil fuels by Wales local authority pension funds at the end of 2019-20, new research shows. But the campaign groups acknowledged there had been a reduction since 2017. The body representing local authorities in Wales said they were committed to the decarbonisation agenda. A spokesman for the Welsh Local Government Association (WLGA) said it encouraged the development of ethical investment principles by the Welsh pension funds that ultimately make decisions And the Wales Pension Partnership said funds were working to reduce their exposure to fossil fuels.

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