Pensions & Fossil Fuel
Divestment
As well as updating their energy strategies, central and local government are under pressure to stop investing money, such as pension funds, in the fossil fuel industry. More information on the issues involved and latest news in this area, take a look at The Guardian’s Fossil Fuel Divestment page .
Under pressure from local group Divest Herts County Council has almost halved the size of its Hertfordshire Local Government Pension Scheme investments in fossil fuels (which includes Three Rivers’ council pensions) from £94m in December 2019 to £48m in June 2020. The council’s plan is to divest completely from fossil fuel investments by the start of 2023.