Extinction Riot stage protest in excess of pension firm’s fossil gas investments

Extinction Rebel activists occupied ABP’s lobby. Image: ANP/Patrick Post

All around 20 members of Extinction Insurrection occupied the places of work of federal government pension supplier ABP on Monday morning to protest against its investments in fossil fuels.

The team held up banners with slogans these as ‘ABP, halt funding the local weather crisis’ in the foyer of the constructing in Amsterdam’s Zuidas district on Monday morning.

The activists bundled academics and civil servants, the sectors whose pensions are managed by ABP, whose €500 billion portfolio includes €15.3 billion invested in fossil gas property.

The team still left the Symphonytoren on Gustav Mahlerplein right after about an hour just after law enforcement arrived and educated them they ended up trespassing.

In a push launch, Extinction Revolt stated there was ‘no time left’ to get motion on local climate improve: ‘The entire world is in a weather crisis. We owe it to ourselves and all potential generations to do almost everything, not just a minor, to preserve the entire world inhabitable.’

ABP hopes that renewable power will overtake fossil fuels, which presently account for 60% of its energy investments, by the end of this yr, chairman of the investment committee Menno Snel advised nu.nl past month.

 

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