Thursday, July 9, 2020

UK charities withdraw their investment in fossil fuel

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

UK charities are taking a number of steps to help fight climate change, with National Trust announcing that they will give up fossil fuel quotas in coal, oil and gas companies to better protect the planet.

According to the Daily Mail, the charity, which has five million members in Britain, said it was making the decision because fossil fuel companies made little progress in switching to greener alternatives.

The organization has invested £ 1 billion in securities markets, of which about 4% or £ 40 million is invested in fossil fuel companies.

The National Organization, which sponsors 780 miles of coastline and more than 500 historic sites, warned in a 2015 report of the impact of climate change and its threat to places of natural and historical importance to which we are concerned.

Other organizations have spoken of limiting their investments in fuel companies including the Church of England “CofE”, which has said it will abandon fossil fuel companies from 2020 if they do not take seriously their responsibilities to help move to a low-carbon economy.

Many organizations are working hard to persuade fuel companies to invest in green alternatives, and are now seeking to invest in green startups that offer benefits to the environment, nature and people.

Read also: Britain’s carbon dioxide emissions have caused Arctic ice to drop

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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