This page contains a variety of resources to support divestment campaigners to develop both technical knowledge of the issue and strategies for influencing decision-makers. We’ll be updating this page with new content throughout 2021, so watch this space!
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Divesting to protect our pensions and the planet: an analysis of local government investments in coal, oil and gas [PDF]
This report from UK Divest offers the most up-to-date analysis of local government pension fund investments in fossil fuels.
The purpose of this report is to:
● inform local decision-makers about why and how to stop investing in fossil fuels
● provoke conversations at the local and national level about what these investments mean and how this could change for the better
● support people who are campaigning or eager to start campaigning for divestment in their area
An easy-to-follow introduction to some of the most common arguments that councillors use against divestment, equipping local campaigners with the tools to engage with their local authority.
1) The ethical arguments for divestment
2) The financial reasons for divestment
3) The practicalities – who is divesting?
4) The practicalities – what can local authorities invest in instead?
5) How to respond to authorities who want to “engage” with fossil fuel companies instead of divesting
This briefing addresses five main arguments that local government pension funds use in favour of engagement with fossil fuel companies, rather than divestment, and suggests how campaigners could respond to them.
1) “Engagement is effective at achieving change”
2) “If we divest we will lose power to engage with the relevant companies”
3) “We work with fossil fuel companies to increase their positive investments”
4) “It’s financially risky to divest. We agree that these companies will devalue in future, but not now; we will have time to sell our shares later”
5) “We need the money we get from Shell’s annual dividend”
Resources for local councillors and council staff
This motion can be used as the basis for your local authority’s call to divest.
As we tackle the climate emergency and build back beyond COVID-19, what can the Local Government Pension Scheme do to help?
2021 is set to be a huge year for climate action on a local government level. Following on from the numerous climate emergency motions passed and in the run up to the elections and the UN climate talks in Glasgow in November, showing leadership on this global issue is more pressing than ever.
- Neil McInroy, The Centre for Local Economic Strategies (CLES)
- Mark Campanale, Carbon Tracker
- Cllr Chris Weaver, Chair of Cardiff and Vale Pension Fund