Pension fund will divest 90% of coal assets and 50% of oil and gas stocks by 2020 to help limit global warming and protect the fund from climate risk

The £2.9bn UK’s Environment Agency pension fund (EAFP) has become the first in the world to change its investment choices to help meet the internationally-agreed target of limiting global warming to 2C.

The move will include divestment of 90% of its coal assets and 50% of its oil and gas stocks by 2020.

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Source: Guardian Environment