- #StopFundingFossilFuels Day of Action
- Protests take place across the UK over council investments in fossil fuels during COP26 – including Glasgow over Strathclyde Pension Fund
Local authorities must do far more to champion the fight against climate change by divesting from fossil fuels, say Friends of the Earth and campaign group Platform today (Wednesday 3 November).
Rianna Gargiulo, divestment campaigner at Friends of the Earth (England, Wales and N. Ireland), said:
“While the planet burns, the flames are being fanned by local authority pension funds which have billions of pounds invested in climate-wrecking fossil fuels.
“Councils must play their part in protecting the long-term future of their employees by ending their support for gas, coal and oil, and investing in building a cleaner, safer future for us all.”
Robert Noyes, of Platform, said:
“Every day that we put off divesting from fossil fuels, we keep pouring billions into companies’ harmful operations. With climate action more popular than ever, it is no longer acceptable for local authority pension fund managers to provide polluters cover from the kinds of policies needed to keep global heating below 1.5 degrees by staying invested.
“With the eyes of the world on the UK, forget climate leadership – it’s time for climate catch-up and a permanent end to fossil fuel finance from UK institutions.”
Later today a number of grassroots local divestment groups are expected to protest outside town, city, and county halls to tell local decision-makers that climate justice is not just the responsibility of global leaders, it’s theirs too. The ‘Day of Action’ coincides with the UN COP26 talks’ ‘finance’ day.
Glasgow, as host of the UN climate talks, is where Divest Strathclyde is planning to hold a 70s-themed protest today to call on Strathclyde Pension Fund (managed by Glasgow City Council) to end its £800 million investment in fossil fuels.
Isla Scott, of Divest Strathclyde, said:
“Fossil fuel companies have known that their activities damage the climate since the 1970s. Yet instead of changing course they have pushed the fossil fuel frontier, demanding more pollution for profit.
“As host city of COP26 Glasgow should be calling out fossil fuel polluters, instead they’re backing them. While the City makes grand claims about going fossil free its pension fund is still pouring hundreds of millions into financing the very companies who are driving the climate crisis.
“Pension fund members, councillors and all of us should support the Strathclyde Pension Fund actually divesting from climate-destroying companies and instead investing in a sustainable future.”
Protests are also expected to take place in a number of locations around the UK including Manchester. Valued at more than £1 billion, Greater Manchester has the largest fossil fuel investments of all local authority pension funds in the UK. Campaigners in the city will be dressed in their pyjamas and ringing alarm clocks to call on Mayor Andy Burnham to “wake up” to the climate crisis and put pressure on the Greater Manchester Pension Fund to divest.
Protests are also planned today in Norfolk, Edinburgh, Bradford, East Sussex and Derbyshire, and in Nottingham tomorrow to coincide with a meeting of Nottinghamshire’s Pension Fund Committee. These follow on from protests in West Sussex and Hampshire in the past week. The events are organised by local grassroots divestment groups.
For more information contact the Friends of the Earth (England, Wales and Northern Ireland) press office on 020 7566 1649 or email firstname.lastname@example.org.
Notes to editors
2. More information about the day and each of the events can be found here: https://www.divest.org.uk/cop26/
3. The Strathclyde protest comes shortly after the council decided to continue to invest in fossil fuels.
4. About the organisations:
- Platform is a UK-based environmental and social justice collective with campaigns focused on the global oil industry, fossil fuel finance, and building capacity toward climate justice and energy democracy. www.platformlondon.org
- Friends of the Earth England, Wales and Northern Ireland is part of an international community dedicated to protecting the natural world and the wellbeing of everyone in it. We lead campaigns, provide resources and information, and drive real solutions to the environmental problems facing us all. www.friendsoftheearth.uk
- Friends of the Earth Scotland: Scotland’s leading environmental campaigning organisation with a network of thousands of supporters and active local groups across Scotland. We are part of the largest grassroots environmental network in the world, uniting 75 national member groups worldwide. www.foe.scot