{"id":131782,"date":"2021-10-26T16:58:51","date_gmt":"2021-10-26T14:58:51","guid":{"rendered":"https:\/\/www.erasmusmagazine.nl\/en\/?p=131782"},"modified":"2025-12-19T11:25:56","modified_gmt":"2025-12-19T10:25:56","slug":"abp-plans-to-dispose-of-fossil-fuel-shares","status":"publish","type":"post","link":"https:\/\/www.erasmusmagazine.nl\/en\/2021\/10\/26\/abp-plans-to-dispose-of-fossil-fuel-shares\/","title":{"rendered":"ABP plans to dispose of fossil fuel shares"},"content":{"rendered":"

Pension fund ABP no longer wants to invest in oil, gas and coal. In the coming year and a half the pension fund is going to sell all its shares in the fossil fuel industry.<\/p>\n

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\n\t\n\n<\/svg>\n<\/span>\n\tImage by:<\/span>\n\n\t\t\t\n\t\t\t\t\t\t\tBas van der Schot<\/a>\t\t\t\t\t<\/span>\n\t<\/p>\n<\/figcaption><\/figure>

ABP announced<\/a> this policy change on Tuesday. Action groups<\/a> have been trying for years to influence the pension fund for the public and education sector, and the universities themselves got<\/a> involved too.<\/p>\n

Shares in fossil fuels are good for roughly three percent of ABP\u2019s total securities portfolio, representing a value of 15 billion euros. According to ABP, the sale will not have an adverse effect on pensions.<\/p>\n

For many decades climate scientists and activists have warned of global warming caused by the combustion of fossil fuels. However, only the most recent climate assessment reports are said to have given the decisive impulse for the change of course.<\/p>\n\n\t

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