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Glasgow councillors back campaign to end fossil fuel investment

Plea to stop investing in fossil fuels GLASGOW councillors are backing calls for the Strathclyde Pension Fund to end their support in fossil fuel firms after campaigners revealed investments of more than £508m. Councillors from the SNP, Labour and Greens spoke out after a new report showed that Strathclyde Pension Fund has invested over £508 million in fossil fuel projects in the 2019/2020 financial year, comprising 2.24% of the fund’s value. Campaigners and local government representatives are stressing that as the host of the UN climate conference, Glasgow must show greater climate leadership and take swifter and bolder action to end Strathclyde Pension Fund’s fossil fuel investments.

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