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.
| less than a minute read
Dutch pension giant ABP to dump €15b in fossil fuel holdings
“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.
