Climate warning
Image of Johannes Luiga
Johannes Luiga

37 w

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Image of Fjärde AP-fonden

Fjärde AP-fonden

Climate warning

Swedish Pension Fund managed by the State increasing investments in BP

This is totally unbelievable. According to Swedish Business Newspaper Dagens Industri, the Swedish pension fund AP4, managed by the state, has increased their investments in Fossil fuel company BP! BP has announced they are lowering their Climate ambition and then AP4 increases their investments!

I am convinced that millions of Swedish citizens, like me, are not ok that our pension money that we have worked hard to earn are invested in the fossil fuel industry! We want our pension money to be invested in the solutions not in the problems causing Climate change! It’s time to #MoveTheMoney
Your choice matters—It's time to Move the money

Your choice matters—It's time to Move the money

An easy to follow guide on how to #MoveTheMoney as an individual, as an institutional investor or as a company.

https://app.wedonthavetime.org/frontpage/movethemoney



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  • walter lungayi

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    35 w

    This move risks undermining public trust in the fund's environmental stewardship. AP4 has a responsibility to align its portfolio with sustainable long-term outcomes. .

    • Mdshahab Uddin

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      36 w

      I want to support for better world.

      • George Kariuki

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        36 w

        Ugh, this is so frustrating. AP4 investing more in BP after they lowered climate goals is a total slap in the face to Swedish citizens.

        • Jane Wangui

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          36 w

          This is quite discouraging watching some Nations still support fossil fuel despite their impact on the environment

          2
          • winnie nguru

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            37 w

            There must be some very selfish folks involved in this

            1
            • We Don't Have Time

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              37 w

              Dear Johannes Luiga Your climate warning has received over 50 agrees! We have reached out to Fjärde AP-fonden by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Varsa, We Don't Have Time

              • Rashid Kamau

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                37 w

                Disappointing! they should reconsider their negative contribution towards the climate.

                1
                • Annett Michuki..

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                  37 w

                  this is absurd,

                  2
                  • Princess

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                    37 w

                    Swedish citizens, who have worked hard for their pensions, deserve better than to see their money fueling the very industries driving climate change.

                    2
                    • Markus Lutteman

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                      37 w

                      Pure short-sighted madness!

                      7
                      • Elizabeth Gathigia

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                        37 w

                        Action now! #movethemoney

                        3
                        • Richard Orengo

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                          37 w

                          I still fail to understand why some states promote fossil fuel activity.

                          9
                          • Elizabeth Gathigia

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                            37 w

                            @richard_orengo They are corapt

                            3
                            • Rashid Kamau

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                              37 w

                              @richard_orengo We should keep on discouraging fossil fuel activities.

                            • Fernanda Poblete

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                              37 w

                              That’s what neoliberalism do to profit of labor hard working class … feeding extractivism for more profit of the few.

                              3

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