Lobby Warns Green Pension Bill Gives Gov't Too Much Power
Law360, London (February 13, 2020, 12:38 PM GMT) -- New amendments to the U.K.'s pensions legislation requiring funds to manage and report on climate change risks would give the government "unprecedented power," a lobby group warned.
The proposed amendments to Britain's pensions legislation, which were announced by the Department for Work and Pensions on Wednesday, would give the government the power to impose laws requiring pension funds to report on how they manage the risks associated with a warming climate.
The amendments also give the government the power to pass laws demanding "effective governance" of funds in respect to climate risks. The push comes as the world continues to be...
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