• VeganPizza69 Ⓥ@lemmy.world
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    1 year ago

    Climate Safe Pensions - Stand.earth

    Climate Safe Pensions

    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.