The report also revealed that due to this, members of these funds missed out on additional money in their personal pensions. The pension funds named were:
Pension fund executives have knowingly invested in coal, oil, and gas companies that endanger our pension funds security and put communities at risk. They would rather intentionally heat up our planet — one fossil fuel investment at a time. Meanwhile, everyday workers who make up the membership of their funds are losing future financial security.
We must demand pension fund executives stop escalating the climate crisis and start backing their members with climate safe investments that are good for our pocketbooks and the planet.
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Stand is an advocacy organization that brings people together to demand that corporations and governments put people and the environment first.