Dirty pensions: £10 billion still invested in fossil fuels by local government pension funds.
UK Divest Report 23rd Feb 2021 READ MORE
The report’s headline conclusion that £81 million has been lost by Notts Pension Fund was reported by the Financial Times in November last year.
We brought this headline to the attention of the Pension Fund and its officers have disputed the data. We do not have the resources to form our own conclusions as to the exact losses – but they are clearly significant!
We have produced our own briefing, collated from publicly available data, on the stock market performance of the fossil fuel industry over the past 5-10 years, from which is absolutely clear that the this sector has underperformed badly. Indeed, according to S & P 500 data, the Ex-Energy Index has annualised returns of 12.66%, whereas the Energy (fossil fuels) Sector has annualised return of -4.86%. Please contact email hidden; JavaScript is required for a copy of the briefing.
