Question to Derby City Council about pension fund investments in Fossil Fuels

We are putting the following question to the full meeting of the Council on 6 pm, 25 November 2015.Divest_derbyshire

Considering that 80% of all known fossil fuels must stay in the ground to avoid warming by more than 2 degrees as well as the need to ensure Pension funds are not left in these potentially stranded assets, will the Council recommend that the Derbyshire County Council Pension Fund

  • Immediately freeze any new investments in fossil fuels?
  • Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years

BACKGROUND INFORMATION 

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Chair of Independent Committee on Climate Change speaks in Derby

paris

On Thursday November the 5th John Selwyn Gummer Рnow Lord Deben Рaddressed a meeting of more than 100 people at Derby Cathedral.  An outspoken voice on climate change, Lord Deben chairs the Independent Committee on Climate Change and will be representing the UK at the Paris 2015 conference.

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