Divestment

Meeting: 
MQT on 2015-10-21
Session date: 
October 21, 2015
Reference: 
2015/3479
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Do you know how much the London Pension Fund is investing in fossil fuels?

Answer

Answer for Divestment

Answer for Divestment

Answered By: 
The Mayor

As of 31 July 2015 the LPFA estimates that 3.3% or c£132m of its investment portfolio has some form of fossil fuel exposure. This is based on industry standard categorisations. The 3.3% comprises c1% of direct investment in the energy extraction sector and the remaining exposure is via passive equity index investments or service providers.