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Don’t rely on oil profits for pensionsp

20 Jan 2011

As the true financial impact of the Deepwater Horizon crisis on BP becomes clearer, including plans potentially to reduce the regular dividend from next year, an inconvenient truth about the exposure of our pension funds (and pensions) is emerging. Quite simply, the funds we hope to rely on when we retire are highly dependent on the dividends paid out by high-carbon sectors, especially oil and gas, writes Climate Change Capital's Vivienne Cox.

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