A global climate crisis is underway, with extreme weather and rising sea levels threatening the lives of billions of people. Meanwhile, local councils across the UK continue to invest around £10 billion of their pension funds in the main culprits, fossil fuel companies. And that’s despite 75% of councils declaring a climate emergency.
Declaring a climate emergency while investing in fossil fuels is empty rhetoric. Councils have the power to ensure local workers not only have a pension for their retirement, but also a future worth retiring into.
As we recover from the pandemic, we can choose to stick to old systems of investment that keep accelerating the climate crisis, or we can invest local money in ways that matter for local people and their future.
Halting the extraction and expansion of fossil fuels is a matter of survival for us all. Our local leaders must act now. It’s time our councils divest their pension funds and end their support for the companies driving the climate crisis, and instead invest our common wealth in ways that generate both social and financial return.
It costs them nothing to make this change, and 6 councils have already committed to divest fully. It’s time to ask why your council hasn't.
Email your councillor to call on them to support fossil-free council pension funds. We’ve written a draft email that you can edit, so it should only take a minute.