Pension Schemes Bill Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Edward Morello
Main Page: Edward Morello (Liberal Democrat - West Dorset)Department Debates - View all Edward Morello's debates with the Department for Work and Pensions
Wednesday 3rd December 2025
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(1 day, 7 hours ago)
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The amendment would provide a measured, proportionate and financially rational way to divest. It does not force an immediate blanket divestment from all fossil fuels. It allows for staged action following consultation, subject to parliamentary approval and grounded firmly in the fiduciary duty set out in the 2021 Act to secure effective governance of climate-related risks.
Edward Morello (West Dorset) (LD)
I thank my hon. Friend for speaking to this important new clause, which relates to the fundamental fact that pensions are about planning for the future, and climate change is about making sure that we have a future for all. Having pension funds supporting anything that undermines the outlook for future generations should be prevented in any which way we can. I just wanted to lend my support to her wonderful amendment.