Ben Stafford, WWF-UK Head of Public Affairs said:
“The Prime Minister signed a pledge before the election making clear his commitment to tackle climate change. Therefore, we are surprised and disappointed to hear that Boris Johnson has rejected the call for divestment from the London Assembly.
“Every investment in fossil fuels takes vital capital away from the growing renewable energy industry. There is overwhelming evidence that we are exposed to economic as well as environmental risk if we continue to burn fossil fuels.
“It is unfortunate that the Mayor has not listened to the London Assembly on this issue. We hope that trustees of the pension fund will take a different view and realise the economic threats to their pensioners’ assets by retaining fossil fuel investments.”