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One of the world’s largest pension funds, ABP of the Netherlands, is to sell its entire holdings in fossil fuel companies worth more than €15b as pressure mounts on retirement schemes to protect long-term savings from the threat of catastrophic climate change.
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“We [will exit] our investments in fossil fuel producers because we see insufficient opportunity for us as a shareholder to push for the necessary significant acceleration of the energy transition at these companies,” said Corien Wortmann-Kool, ABP’s chair.
https://www.ft.com/content/425d7c82-e69a-4fe2-9767-8c92bda731e7
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