DutchNews.nl - DutchNews.nl brings daily news from The Netherlands in English

23 May 2025
Newsletter Donate Advertise
  • News
  • Life in the Netherlands
  • Jobs
  • Podcast
  • About us
  • Search
  • Home
  • Economy
  • Art and culture
  • Sport
  • Europe
  • Society
  • Environment
  • Health
  • Housing
  • Education
  • News
    • Home
    • Economy
    • Art and culture
    • Sport
    • Europe
    • Society
    • Environment
    • Health
    • Housing
    • Education
  • Life in the Netherlands
    • Latest
    • Opinion
    • Books
    • Travel
    • 10 Questions
    • Learning Dutch
    • Inburgering with DN
    • Food & Drink
    • Ask us anything
  • Jobs
  • Podcast
  • About us
    • Team
    • Donate
    • Advertise
    • Writing for Dutch News
    • Contact us
    • Privacy
    • Newsletter
  • Search

Pension fund PMT slashes fossil investments, sticks with Shell

December 1, 2023
Photo: Depositphotos.com

Engineering pension fund PMT has decided to stop investing in 40 oil and gas companies because they are not environment-friendly enough, but will continue to put money into nine others, including Shell and BP.

Pension funds have been coming under increasing pressure to clean up their investment portfolios, especially from anti-fossil fuel campaign groups.

PMT said on Friday it believes it is better to invest in some firms so that they can engage in dialogue with them. The nine in which it will still invest have all committed to being climate neutral by 2050 and have a well-founded strategy to do this, PMT said.

PMT is one of the biggest pension funds in the Netherlands with 1.4 million participants, both in work and retired.

“We think it is important that multinationals like Shell, despite moving slowly through the energy transition for now, are part of the solution,” said Hartwig Liersch, PMT’s director of investments.

ABP, the Dutch civil service fund and one of the biggest in the world, said in 2021 it would sell most of its fossil fuel investments, and also no longer invests in Shell. The sale covered more than €15bn in assets, or almost 3% of the fund’s total assets.

Share this article
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Copy URL
Business Environment Fossil fuels
Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation
Latest
Show more
Fewer international students starting bachelor degrees in NL
MPs urge cabinet to join banned Pride march in Budapest
Dutch house prices up 10% on a year ago, latest figures show
Foundations and the future: what you need to think about
Highway to hell: confessions of a would-be Ring reveller
NewsHomeEconomyArt and cultureSportEuropeSocietyEnvironmentHealthHousingEducation
Life in the NetherlandsLatestOpinionBooksTravel10 QuestionsLearning DutchInburgering with DNFood & DrinkAsk us anything
About usTeamDonateAdvertiseWriting for Dutch NewsContact usPrivacyNewsletter
© 2025 DutchNews | Cookie settings

Help us to keep providing you information about coronavirus in the Netherlands.

Many thanks to everyone who has donated to DutchNews.nl in recent days!

We could not provide this service without you. If you have not yet made a contribution, you can do so here.

The DutchNews.nl team

Donate now

Dutchnews Survey

Please help us making DutchNews.nl a better read by taking part in a short survey.

Take part now