Government investment in fossil fuel and coal companies (FOI)Government investment in fossil fuel and coal companies (FOI)
Produced by the Freedom of Information officeAuthored by Government of Jersey and published on
24 November 2023.Prepared internally, no external costs.
Request
Please provide an updated version of this previous Freedom of Information response:
States Investment in Fossil Fuel and Coal Companies (FOI)
A
A list of fossil fuel companies (oil and gas) that the States pooling arrangement invests in as part of the Common Investment Fund (‘CIF’) as well as any in the PECRS. Examples of fossil fuel companies would be Chevron, BP, ExxonMobil.
B
A list of any coal companies that the Government of Jersey's pooling arrangement invests in as part of the Common Investment Fund (‘CIF’) as well as any in the PECRS. Examples of coal companies would be Glencore Plc and Anglo American.
C
Could you please also provide a breakdown of the amounts invested in each of those fossil fuel and coal companies.
Response
As of 31 October 2023, the direct holdings within the Common Investment Fund (CIF) £4.073 bn);
A
Oil, Gas & Consumables, £7 million in ConocoPhillips, 0.17% of investments.
B
Metals & Mining, £5.9 million in Glencore Plc, 0.14% of investments.
C
As above for A and B
Information relating to the Public Employees Contributory Retirement Scheme is outside the provisions of the Freedom of Information (Jersey) Law 2011.
However, information may be provided if requested from Public Employees’ Pension Team:
pept@gov.je
gov.je