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Pensions sector responds to "unnuanced" carbon report

In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.
Tom Vile Jensen, Insurance and Pension Denmark | Photo: PR/Forsikring & Pension (IPD)
Tom Vile Jensen, Insurance and Pension Denmark | Photo: PR/Forsikring & Pension (IPD)
by sofie højlund, translated by catherine brett

Danish pension firms have invested DKK 22bn (EUR 2.9bn) in the expansion of fossil fuels, including 93 new oil and gas projects worth just under DKK 14bn (EUR 1.9bn), a new report by NGO Mellemfolkeligt Samvirke cited in Danish business daily Børsen has discovered.

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