direct to your inboxA council leader in Greater Manchester has accused neighbouring authorities of ‘virtue signalling’ by urging the regional pension fund to divest from fossil fuels.High-ranking councillors in Manchester, Salford, Rochdale, Stockport, Bury and Wigan want the Greater Manchester Pension Fund (GMPF) to match the city-region’s target of becoming ‘zero carbon’ by 2038.Andy Burnham, mayor of Greater Manchester, has also been asked to back their calls as part of his re-election campaign.The GMPF, the largest local government pension scheme in the UK, has more than £1bn invested in the fossil fuels industry, which accounts for nearly five per cent of its total value.However the fund, which is managed by Tameside Council and.
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