Police stop occupation of ABP office by Extinction Rebellion | Money

Police stop occupation of ABP office by Extinction Rebellion |  Money

Like previous measures of this kind, the occupiers wanted to leave the building only if ABP promised to stop investing in fossil fuels.

An Instagram live broadcast showed protesters being ordered to leave several times.

ABP has been under fire for some time because the largest pension fund in the Netherlands still holds billions of investments in oil and gas companies.

Educational institutions, municipalities, districts and ministries have already called on ABP to do more for the climate. At the end of June, CEO Corien Wortmann said ABP wanted to toughen its climate ambitions.

In a response Friday evening, ABP reported that no changes to this situation were reported as a result of the occupation.

The pension fund is also now being advised by an expert group of three professors, led by Dirk Schoenemaker, who specializes in sustainable finance. Shoemaker was previously highly critical of the fact that the ABP program did not support Shell shareholders’ decision to follow this. He has been calling for Shell for some time to do more to meet the Paris climate goals.

Other pension funds are already taking steps to get rid of fossil fuels. For example, pension fund PME announced today that it has sold all investments in the extraction and distribution of fossil oil and gas in recent months.

Fossielvrij NL also supports the campaign. This organization is considering initiating a lawsuit against ABP with its pension participants. A decision on this will be made in mid-September.

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