A year after Oxford University decided to divest from fossil fuels, the Oxfordshire local government pension fund has begun excluding fossil fuel investments from their own fund. On 10th September, the administering committee for the scheme, worth approximately £3 billion and with around 65,000 members, voted to move the full value of the Fund’s passive …
Oxfordshire Pension Fund begins fossil fuel divestment Read More »
YouGov research has found that when asked ‘to what extent do you support or oppose the investment of local government pension funds in fossil fuel companies’, just 12% said they support. 41% oppose, with the rest indifferent. 95% of councils have yet to divest their pension funds from fossil fuels.[1] Collectively they still have almost …
Financial figures in this press release have been updated to reflect further information received from West Midlands Pension Fund, after the report had been written. Despite over 75% of local councils declaring a climate emergency, billions of pounds are still invested in planet-wrecking fossil fuels through local government pension funds. Freedom of information requests by environmental campaigners found that, despite decreases in recent …
