this post was submitted on 08 Jan 2024
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[–] veganpizza69@lemmy.world 4 points 11 months ago (1 children)

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.

[–] TokenBoomer@lemmy.world 1 points 11 months ago

That’s horrifying. The only choice is not to play.