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Also I believe this analysis neglects capital investments. Say British pension fund invests in coal plant in India.

• Reason077 6y ago
  UK's biggest pension fund begins fossil fuels divestment: https://www.theguardian.com/environment/2020/jul/29/national-employment-savings-trust-uks-biggest-pension-fund-divests-from-fossil-fuels https://www.theguardian.com/environment/2020/jul/29/national...
  • M2Ys4U 6y ago
    However: the UK government is also directly financing, through UK Export Finance (UKEF), a whole lot of fossil fuel developments, though.[0] UKEF has ploughed more than £6 billion into fossil fuel companies in the last 10 years, which will produce 69 million tons of CO2 per year, or 1/6th of the UK's current output.[1] [0] https://www.bbc.co.uk/news/science-environment-51216084 https://www.bbc.co.uk/news/science-environment-51216084 [1] https://environmentjournal.online/articles/uk-government-has-invested-60bn-into-overseas-fossil-fuel-projects/ https://environmentjournal.online/articles/uk-government-has...
    • Reason077 6y ago
      I believe there has recently been a ban on UK government funds financing any coal mining or coal power plant projects. But yes, it's certainly a scandal that this went on for so long, and the ban has yet to be extended to other forms of fossil fuel.