Will National Trust pulling fossil fuel investment change anything?

Inside Business: The move might not make a huge difference financially but could persuade other investors to follow suit

Lacock Abbey, one of the the National Trust's properties. The charity says climate change threatens its conservation work (PA)

The National Trust has decided to deprive polluting fossil fuel companies of a precious commodity: the capital which fuels their destructive activities.

The charity has announced it will no longer invest in any of them, tightening a previous stance that demanded that it only avoid directly investing in companies deriving more than 10 per cent of their turnovers from the extraction of thermal coal or oil from sands.

“The impacts of climate change pose the biggest long-term threat to the land and properties we care for and tackling this is a huge challenge for the whole nation,” said director general Hilary McGrady.