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Explained in plain English

Do all pensions invest in oil?

Not all pensions invest in oil, but many do, often through broad market funds that include major companies like BP. Pension providers aim to maximise returns for your retirement, and historically, oil and gas have been profitable. However, there's growing pressure for schemes to divest from fossil fuels due to climate concerns.

Stories that explain this

BP Profits Nearly Quadruple to $8.46bn on Middle East War

Questions this opens up

Can I choose ethical pension investments? How much do UK pensions invest in oil? Do all pension funds make a profit?

Related explainers

Can I change my pension investments? How do I check my pension investments? Are my pension funds invested in BP? How does war affect oil prices? Who benefits from BP's profits? Who benefits from the price cap? Will changing funds affect my returns? How much tax does BP pay?

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