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West Yorkshire Pension Fund outlines tougher stance on UK fossil fuel investments

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West Yorkshire Pension Fund (WYPF) has been advised to place oil and gas supermajors BP and Shell on a potential pathway to divestment, as climate actions for the companies fall short of minimum expectations, a report has revealed.

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BP and Shell represent the fund’s largest fossil fuel holdings, with the £19.2bn Local Government Pension Scheme fund, which belongs to the Northern Pool,

Volatile stock markets ahead of US president Trump’s ‘Liberation Day’ speech could weigh on asset price estimates for the LGPS triennial valuation.

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