Until now, the Trust had been prepared to invest in firms that derived less than 10% of their turnover from the extraction of thermal coal or the production of oil from tar sands. The UK ’s Carbon Trust , Europe ’s largest conservation charity , has announced plans to sell its stake in fossil fuel companies . Around 4 % of the charity ’s £ 1bn ( $ 1.2bn ) stock market investment is in such companies . The Trust said it hoped to make investments in green start - ups and environmental and community - based portfolios . The full divestment will take place over a three - year period , but the rest of the shares will be sold within a year .
The UK ’s Carbon Trust , Europe ’s largest conservation charity , has announced plans to sell its stake in fossil fuel companies . Around 4 % of the charity ’s £ 1bn ( $ 1.2bn ) stock market investment is in such companies . The Trust said it hoped to make investments in green start - ups and environmental and community - based portfolios . The full divestment will take place over a three - year period , but the rest of the shares will be sold within a year .