Tag Archives: divestment

Derby City Councillors give the lead and call on Pension Fund to divest from fossil fuels

Press Release: For Immediate Release 8 March 2018

This week Derby City Councillors called on the Derbyshire Pension Fund to divest from fossil fuel and fracking companies [1]. Councillors voted overwhelmingly in support of a motion [2] to reduce fossil fuel dependence in order to prevent climate change and reduce the financial risk to pension members. Continue reading Derby City Councillors give the lead and call on Pension Fund to divest from fossil fuels

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 

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