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Kudos to ABP for agreeing to do what is minimally needed in 2050. Great to hear they are putting real money into renewables and research! That means carbon will not just shift 100% from their portfolio into the portfolios of deniers, opportunists and ignoramuses. This is real leadership. If all big pension funds would take these rational steps, our children and grandchildren would have a better chance.

Meanwhile, what is lacking is mention of a programme of active ownership, aimed against those who actively increase long-term risk in the companies ABP invests in by blocking climate change action. Voting them out should be a priority.