GLASGOW City Council’s new pensions investment policy has come under fire for retaining stakes in fossil fuel companies worth hundreds of millions of pounds. 

Environmental campaigners north of the border allege that the policy banks on the failure of crucial United Nations climate talks due to be held in the city in November. 

The Strathclyde Pension Fund (SPF), run by Glasgow City Council, was asked create a plan to divest from fossil fuel companies before the Cop26 UN climate summit opens.