Why LNG investments are a risky bet for pension funds and the climate
This opinion piece argues that pension funds investing in LNG (liquefied natural gas) infrastructure is a risky and unethical bet. The author contends that such investments violate pension funds' fiduciary duty to protect long-term interests, as fossil fuel assets face financial undercutting by cheaper renewable energy and contribute to climate change. The article advocates for ethical investing and warns that locking retirement savings into outdated energy infrastructure is both financially and morally unsound.
Key quotes
What good are investments in industries such as coal, oil and gas that could be undercut by much better renewable energy technologies — or worse, that could leave one retiring into a world of increased wildfire smoke, extreme weather, floods, droughts, crop failures and food and water shortages?
Pension funds have a duty to do what's best for the long-term interests of those who will rely on them. Investing in short-term, outdated, polluting energy sources such as gas, oil and coal is a violation of this duty.
Beyond the financial implications, expanding LNG during an accelerating climate crisis is simply wrong.
From the article
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