Government pension scheme begins ditching oil and gas investments
(The Guardian Money News)

National Employment Savings Trust to move investments into new climate change fund and scale back shares in firms such as Shell and ExxonMobilA giant pension scheme with more than 4 million members is shifting almost 10% of its investments into a new climate change fund designed to move people´s money out of fossil fuels and into renewable energy.Nest (National Employment Savings Trust), a publicly owned scheme set up by the government, said it was moving £130m into the fund because it wanted to protect its worker members from the risks associated with climate change by reducing their exposure to companies with reserves of coal, oil and gas. Continue reading...