Light at the end of the tunnel, says Greenpeace on ATP's plans to reduce coal investments

ATP is heading in the right direction with its initiative on pushing utilities in a climate-friendly direction, says Greenpeace. However, the environmental organization maintains that it takes extra efforts for the pension fund to live up to its climate-related responsibilities.

It is a step in the right direction now that Copenhagen-based pension fund ATP requires plans from coal-burning utilities to become more climate-friendly, states Greenpeace.

"In making this statement, ATP has set a tolerance to when they consider opting out of coal investments for the first time ever. The new threshold on the most climate-damaging of all fuels shows that there is light at the end of the tunnel for the Danish pension fund," says Jens Mattias Clausen, climate political advisor at Greenpeace, in an e-mail to AMWatch's sister site, FinansWatch.

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