National Trust Divests
The National Trust has today (04 July) announced it will cease any investment in fossil fuel companies.
The charity will introduce a series of new measures to ensure its investment strategy continues to support its aims as a conservation charity.
Previously the Trust had required that no investment be made directly in companies which derived more than 10 per cent of their turnover from the extraction of thermal coal or oil from oil sands. Fossil fuel investments comprise just 4 per cent of its current portfolio.
Hilary McGrady, Director General of the National Trust said: “Returns from our investments are vital for helping us protect and care for special places across the nation. They enable us to look after the natural environment and keep our membership fees affordable to the millions of people who are part of our organisation.
“The impacts of climate change pose the biggest long-term threat to the land and properties we care for and tackling this is a huge challenge for the whole nation.
“We know our members and supporters are eager to see us do everything we can to protect and nurture the natural environment for future generations. This change is part of our ongoing commitment.”
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