GEPF is SA's biggest investor in fossil fuels, but says 'first world' must cut emissions | Business

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The Government Employees Pension Fund is the country's biggest investor in fossil fuel companies, but it says that 'first world' nations have to do the heavy lifting when it comes to reducing emissions. | LameezOmarjee

The GEPF believes that "first world" nations should be doing the heavy lifting to slash greenhouse emissions that cause climate change.South Africa's biggest investor in coal, oil and gas companies is the Government Employees Pension Fund.

But the fund has no plans to divest from fossil fuels even though emissions cause climate change and resulting extreme weather like theGet 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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