Today news
About the same in other media
MPs urge pension schemes to cushion economic effects of UK’s net zero plan
Reading now: 810
UK public sector pension schemes could deepen divisions in society unless they use their billions of pounds of investment to cushion communities pivoting away from carbon-intensive industries such as steel and carmaking, MPs have said.
The cross-party group argues towns and regions across Britain could be devastated by a rapid switch to low-carbon technologies, leaving them to face the same future as mining towns hit by pit closures in the 1980s, unless pension funds take account of the impact of investments on vulnerable households and businesses.
In a report that focuses on the investment decisions made by the local authority schemes, the MPs said submissions made by pension experts, thinktanks and members of parliament indicated “that the
Read more on theguardian.comAbout this in other media
Return of super-rich to central London fuels house price surge theguardian.com /2 years ago
MPs call for inquiry into Liberty Steel tycoon Sanjeev Gupta theguardian.com /2 years ago
UK to force asset managers to publish net-zero transition plans fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
