The Quiet Culprit
A first-of-its-kind report released today from Climate Safe Pensions Network and Stand.earth reveals that just 14 pension and permanent funds finance fossil fuels to the tune of $81.6 billion. The report shows a comprehensive accounting of the fossil fuel exposure of 14 pension funds in one report from Climate Safe Pensions Network and Stand.earth reveals that just 14 U.S. public pension funds are the quiet culprits of climate chaos: with $81.6 billion invested in coal, oil, and gas.
These investments have dangerously underperformed the rest of the market, making public pensions’ fossil fuels investments inherently risky.
Pension funds’ financial influence make them a force to reckon with in the battle to confront, slow and mitigate climate change. Pension fund decision-makers must take climate protection seriously — not only for their financial well-being, but also for the well-being of their millions members.
With 10 years of data, there’s hard evidence that divestment is a winning financial strategy. The fastest way for pensions to address climate change is to divest fossil fuel holdings and invest in just and equitable climate solutions.
Tell your state reps to stop financing fossil fuels
Divesting from fossil fuels will allow pensions to avoid major losses and gain the opportunity to reinvest in less risky sectors including in climate solutions, local business and clean energy companies. Add your name to the movement to get pension funds to divest from fossil fuels.Take Action
Pension funds are funding climate chaos
With over $46 trillion in assets worldwide, pension funds are among the largest institutional investors in fossil fuels.