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Wednesday, April 29th, 2015

Nearly half of top pension funds gambling on climate change

Author:     Karl Mathiesen
Source:     The Guardian (U.K.)
Publication Date:     Tuesday 28 April 2015 01.00 EDT
 Link: Nearly half of top pension funds gambling on climate change
Stephan:   If you live on investment funds, or through a pension invested in funds you would do well to re-examine your financial situation. This article explains why I say that.
Many pension funds are ‘betting around 20-1 that either the fossil fuel company influence will last forever or their fund managers will bail them out of a crisis,’ says Julian Poulter. Credit: Murdo Macleod for the Guardian

Many pension funds are ‘betting around 20-1 that either the fossil fuel company influence will last forever or their fund managers will bail them out of a crisis,’ says Julian Poulter.
Credit: Murdo Macleod for the Guardian

Almost half the world’s top pension funds are taking an ill-advised gamble on climate change, according to a financial thinktank.

The Asset Owners Disclosure Project’s (AODP) annual index of 500 of the largest global asset owners found that 232 of them had done little or nothing to protect their investments from the financial upheavals predicted due to climate change. (emphasis added)

Financial experts, including the president of the World Bank and the governor of the Bank of England, have warned that fossil […]

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1 Comment

  1. John Gabriel Otvos on Wednesday, April 29, 2015 at 4:27 am

    I support The Guardian’s “Leave it in the Ground” program. I also support their task of convincing the Bill & Melinda Gates Foundation, to divest their billions from fossil fuels.