4. Statement by the Minister for Climate Change: Net-zero Strategy

Part of the debate – in the Senedd at 4:16 pm on 2 November 2021.

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Photo of Julie James Julie James Labour 4:16, 2 November 2021

Diolch, Jack. I think the very simple answer to that is 'yes'. I think we absolutely need to make sure that the public sector across Wales, including its pension funds, de-invest from deforestation and oil and gas exploration as fast as possible. I'm not yet aware of the full detail of the deforestation announcements that have been made from COP26, but I fervently hope that they do include things like the investment of pension funds from the public sector and so on, and I will certainly be working alongside my colleague, Rebecca Evans, to put pressure on the UK Government to make sure that we do invest UK pension funds in the right way. You are absolutely right in identifying it as being outside of our competence, but nevertheless we are happy to bring our influence to bear in that regard.