Fossil Free UK - Local Government

Public money shouldn’t be funding an industry that undermines our future. Municipalities around the world have already committed to divest - it’s about time that yours did too!

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Campaigns (56)

  • Powys, Divest from Fossil Fuels!
    Powys County Council has a duty to look out for the public good. Fossil fuels are in direct conflict with the public good: investing in them poses a risk both to investors and to our communities. PCC must take a moral, political and economic stand against them by taking our money away from fossil fuel companies and putting it into investments that are less at risk from climate change legislation and more compatible with our values. Divestment from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Powys wish to support an alternative, sustainable energy future that will leave our towns, villages and rural areas in a shape that allows us, our children and grandchildren to live safely in them. Financial research has called into question the valuations of fossil fuel companies due to their reliance on reserves which may become unburnable if carbon legislation comes into effect. So it's a question of our secure economic future as well. Join an international movement to demand divestment as a powerful, effective response to the realities of Climate Change. And protect the money of Powys, our money, from a bad investment.
    277 of 300 Signatures
    Created by Annie L. Marshall
  • Fossil Free Merseyside Local Government Divestment Campaign
    Climate change is the biggest threat to the future of our global society. Research carried out by Bill McKibben and 350.org has identified that fossil fuel companies declared reserves far exceed the amount that can be safely burned if we are to limit Co² in the atmosphere to a level that will keep projected temperature rises to within 2°C. 2°C was the “safe” level of temperature rises agreed at the Copenhagen Climate talks and that figure was based on the overwhelming scientific consensus among climate scientists. To keep temperature rises below 2°C we need to limit the amount of Co² we emit and that means that 80% of the declared reserves of the largest 200 fossil fuel companies cannot be burned. Temperature rises above 2°C will have devastating consequences for people, societies and eco-systems around the world. There are moral reasons to divest. If business as usual means investing in an industry that will have devastating effects on future generations, this is an issue of inter-generational justice. There are financial reasons. The value of the companies is based on the fossil fuel reserves which are held and their potential future profits, and given that 80% of known reserves must stay in the ground the value of these shares is vastly overestimated. The value of the shares are expected to fall dramatically in future and if we don't act quickly our investments will make a loss as 'stranded assets' when the Carbon Bubble bursts. The Merseyside Pension fund currently has £198,897,000 directly invested in fossil fuel companies and another estimated £156,298,000 indirectly invested in commingled funds that include fossil fuel companies. This means in total the pension fund has £355,195,000 invested in fossil fuels. For more information about divestment please visit http://gofossilfree.org/uk/
    238 of 300 Signatures
    Created by Edward Gommon
  • Ealing Council - Stop Investing in Fossil Fuels!
    The London Borough of Ealing has money invested in the fossil fuel industry. Fossil fuel contributes to carbon dioxide (CO2) in the atmosphere. Scientists say we must reduce this amount of carbon dioxide in order for the planet to be able to continue to support life and civilisation as we know it. The planet is already one degree warmer and glaciers are disappearing, threatening the main source of clean water for millions of people. Sea levels are rising which means some islands are disappearing. Habitats are changing and wildlife and the livelihoods of many communities are at risk. Extreme weather is becoming more common. It's deeply worrying but we can take action. Stopping fossil fuel investment is an important part of tackling global warming and we would like London Borough of Ealing's ties with the fossil fuel industry to be cut.
    206 of 300 Signatures
    Created by KIrstie McLachlan
  • Divest Lambeth from Fossil Fuels
    In order to avoid the catastrophic consequences of climate change, global warming must not exceed 2°C which means 80% of known fossil fuel reserves must not be used [2]. Evidence indicates that fossil fuel companies intend to burn enough reserves to push global warming far above 2°C, and they even insist on searching for further reserves, often in the world’s most ecologically sensitive areas [3]. The Lambeth Pension Fund has tens of millions of pounds invested in oil and gas [4]. These investments carry a high degree of risk on financial and social grounds. It makes financial sense to divest for as the cost of extraction increases and international treaties restrict the use of fossil fuels these investments will continue to become riskier over time. In support of this movement we ask you to sign our petition, contributing to a better future for citizens of Lambeth and beyond as we move away from reliance on the fossil fuel industry. Who are we? Divest Lambeth is a campaign launched by Lambeth residents to get Lambeth Council to cut its ties with the fossil fuel industry by selling off stocks and shares in coal, oil and gas companies made through the Lambeth Council Pension Fund. We're a local campaign with connections to a growing global movement that has seen local governments, pension funds and public institutions worth over $50 billion (£30 billion) around the world pledge to divest from fossil fuels. References [1] http://www.rollingstone.com/politics/news/the-case-for-fossil-fuel-divestment-20130222?page=2 [2] http://www.carbontracker.org/report/wasted-capital-and-stranded-assets/ [3] http://www.shell.com/global/future-energy/arctic/exploration-production.html [4] http://www.lambeth.gov.uk/sites/default/files/ec-Lambeth-Pension-Fund-Annual-Report-and-Appendix-2013-2014.pdf
    180 of 200 Signatures
    Created by Tineka Beard
  • Divest the South Yorkshire Pension Fund
    The South Yorkshire Pensions Authority (SYPA) which manages the Local Government Pension Scheme has about £200m invested in companies with fossil fuel connections such as £83m in Shell, £51m in BP and £24m in bhpBilliton (coal) (as at March 2014). It also holds investments in companies which fail to balance their focus on profit with the social and environmental responsibilities expected in the modern day. We believe it is morally indefensible to invest in companies that destroy our climate and so leave to our children a world where life as we know it is unsustainable. And that it is financially irresponsible to invest in such a high risk sector where the experts agree that the assets are currently wildly overstated and where share prices are certain to plummet.
    171 of 200 Signatures
    Created by Ellen Gibson
  • Divest Enfield Council from fossil fuels
    Fossil fuels will soon become obsolete. They are a fuel source that is no longer wanted, as a recognised danger to the health of humans, wildlife, and the planet. They are also a fuel source that is no longer needed, as so many cheap and abundant renewable fuel sources wait to be harnessed. The shift to clean energy is inevitable. In November 2016 the Paris Agreement was ratified: "Recognizing the need for an effective and progressive response to the urgent threat of climate change on the basis of the best available scientific knowledge." However, in November 2017, Fossil Free UK revealed that councils across the UK were investing more than £16billion in the fossil fuel industry. The London Borough of Enfield Pension Fund has itself invested more than £60million in such companies, representing 5.6% of its £1billion total investments. Given the damage that fossil fuels have already caused to our environment, and the growing threat of man-made climate change as a danger both to us and to future generations, fossil fuels represent an unethical investment. But there is also strong evidence that such financial investments are highly risky. Coal use in the UK has fallen by 74% over the past decade, and the government has pledged that all coal-fired power stations will close by 2025. Other fossil fuels such as oil and gas face sharp declines in future, as renewable sources overtake them. The Divest Movement seeks to persuade public institutions that ditching investments in fossil fuel companies is the right decision to make on both a moral and financial basis. Over the border from Enfield, Waltham Forest Council recently became the first UK local authority to fully commit to divest from fossil fuels. If Enfield Council did the same, it too could become a leader in the global shift to a fossil free future.
    162 of 200 Signatures
    Created by James Cracknell Picture
  • Divest West Sussex County Council pension fund from fossil fuel companies.
    We are in a climate emergency. The recent NASA report states that February 2016 broke global temperatures by a shocking amount and scientists believe that we may be closer to breaching the 2C warming limit, which was set at the recent Paris summit, than previously thought. Therefore it is imperative that fossil fuels stay in the ground.
    132 of 200 Signatures
    Created by Emma Cameron
  • Divest South Lakeland From Fossil Fuels
    We feel it is critical to start this process of divestment NOW. 1. As the local authority, it has rigorously set, carbon reduction targets and therefore cannot be 'feeding the fire' by maintaining investments in fossil fuels, as this completely undermines SLDC's commitment to reducing its carbon emissions. 2. If it is wrong to continue to wreck the Earth’s climate, then it follows that it is wrong to profit from that wreckage. There are increasing indications that the profitability of the fossil fuel industry will decrease significantly in coming years. When action is taken to limit global warming and a large degree of carbon reserves are left in the ground, shares in fossil fuel companies will drop significantly in value. As such, investments in fossil fuels risk exposure to this 'carbon bubble'. There is already evidence that fossil fuel-free portfolios are capable of out-performing those including fossil fuel investments.The fossil fuel industry is volatile and the historical bankable returns MUST not and CANNOT be relied upon in the 21st century. See http://www.globalpolicyjournal.com/blog/20/04/2015/11-reasons-divest-fossil-fuel-industry for a comprehensive overview for reasons to divest now.
    132 of 200 Signatures
    Created by Claire Wickham
  • Divest York from Fossil Fuels
    If it is wrong to wreck the climate, then it is wrong to profit from that wreckage. There is overwhelming scientific evidence of the link between climate change and carbon emissions. More than 450 major organisations worldwide have taken positive action and become part of the solution by pledging to stop investing in the fossil fuel industry. This has resulted in $2.6 Trillion being removed from Fossil Fuel companies. Organisations signed up so far include many universities, the British Medical Association, the Joseph Rowntree Foundation, The Quakers and Oxford City Council.
    1 of 100 Signatures
    Created by Ellen Gibson
  • DIVEST TYNE & WEAR COUNCIL FROM FOSSIL FUELS
    If it is wrong to wreck the planet, it is wrong to profit from wrecking the planet. Public bodies have an obligation to act in the interests of the public good. Our local Council has a track record to be proud of in environmental concerns, and we ask them to continue to lead the way by divesting from fossil fuels. It is accepted that to avoid an irreversible change in weather systems the temperature of the planet must not rise by more than 2 degrees C. To avoid this rise, we must not burn anymore than 565 Billion tonnes of CO2. Fossil fuel companies already have reserves of CO2 to more than five times this amount. These companies are not listening to patently obvious scientific warnings. Instead, they are literally scouring the globe for the last remaining fuels to burn and bucks to make. Currently, the Tyne & Wear Pension Fund invests £264, 961, 000 into the Fossil Fuel industry. By committing to divest from the industry and invest in renewables in five years, the council would be taking the moral lead in this matter of social justice - following councils in Bristol, Oxford and Kirklees. Continued engagement with and investment in the fossil fuel industry jeopardises the very future that pension funds are supposed to guarantee and secure. On the other hand, investment in renewable energy ensures a sustainable, viable and secure future for our children. But this is no longer an issue that our children will need to sort out. It is an encroaching reality and we must act. So we call on our council to lead the way and divest now to create a sustainable future.
    125 of 200 Signatures
    Created by Robert Noyes Picture