Don’t rely on oil profits for pensions

Article by Vivienne Cox

Vivienne Cox, Climate Change Capital's Chairman and the former CEO and Executive Vice President of BP Alternative Energy, discusses ways in which investors can reduce their exposure to high-carbon sectors.

"As the true financial impact of the Deepwater Horizon crisis on BP becomes clearer, including plans potentially to reduce the regular dividend from next year, an inconvenient truth about the exposure of our pension funds (and pensions) is emerging. Quite simply, the funds we hope to rely on when we retire are highly dependent on the dividends paid out by high-carbon sectors, especially oil and gas…"

Read the full Financial Times article.

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Don’t rely on oil profits for pensions

Vivienne Cox, Climate Change Capital's Chairman and the former CEO and Executive Vice President of BP Alternative Energy, discusses ways in which investors can reduce their exposure to high-carbon sectors.