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)

  • 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.
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    Created by James Cracknell Picture
  • Fossil Fuel Free Wandsworth
    Climate change is the most pressing issue facing humanity. Wandsworth council currently has £69m invested in fossil fuel industries. This is counter-productive to it's 'Our Greener Borough' initiative which was set up to help reduce Wandsworth's environmental impact. Local government has a duty to act for the public good and fossil fuels are in direct conflict with this: investing in them threatens the planet and poses a risk to investors. Ethically, environmentally and economically there is no justification for this and Wandworth Council should be divesting these funds and reinvesting them in a better, greener future if it truly cares for it's residents, London, the UK, and the planet. Wandsworth Council need to move away from these risky fossil fuel investments and help provide a more sustainable future.
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    Created by Stephanie Gee Picture
  • Divest Staffordshire Pension Fund
    Staffordshire Pension Fund is the Local Government Pension Fund for the county of Staffordshire and is funded through pension contributions from employees of publicly-funded organisations such as Staffordshire County Council, Stoke City Council, the Office of the Chief Constable Staffordshire, Staffordshire University, Newcastle-under-Lyme Borough Council and other parishes, towns, boroughs and public organisations across Staffordshire. As of 31 December 2015, the Pension Fund holds at least £61,879,853.16 worth of shares in companies from the fossil fuel industry, including £20,180,703.41 worth of shares in six of the world's biggest oil companies: BP, Royal Dutch Shell, Statoil, Chevron, Exxon Mobil and Lukoil, who are jointly responsible for major environmental damage and human rights violations the world over. In total, the Pension Fund holds £42,334,871.79 in 14 of the 90 companies responsible for two-thirds of the global greenhouse gases emissions since 1854. By continuing to grant social legitimacy to the burning of fossil fuels, the Staffordshire Pension Fund and all its participating organisations are complicit in driving unprecedented climate change. Climate change is happening now - we’re already experiencing global temperature rise, warming oceans, shrinking ice sheets and more frequent and intense extreme weather events affecting thousands of communities and millions of people across the world. Investing in fossil fuels is not only damaging to the planet, it's also a very risky investment. The Staffordshire Pension Fund has already seen a massive decrease in its investment, losing £21,573,041.12 (or 25.85%) worth of shares in companies such as Glencore, BHP Billiton, Rio Tinto, Royal Dutch Shell, BP, Lukoil and others. By removing investments in fossil fuel companies, the Staffordshire Pension Fund and all its participating bodies and organisations will be showing their commitment to creating a healthy, sustainable and financially viable future for both the people of Staffordshire and the planet as a whole. Please sign this petition if you believe that the Staffordshire Pension Fund should divest from fossil fuels to protect the planet and the financial future of thousands of workers from across Staffordshire.
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    Created by Tomasz Kozlowski
  • Kensington & Chelsea Council Divest from Fossil Fuel Investments
    It is imperative to divest from fossil fuel investments for both ethical and financial reasons. To avoid catastrophic climate change and keep global temperatures below more than 2ºC above pre-industrial levels, more than 80 per cent of the world’s known coal reserves, 30 per cent of known oil and 50 per cent of gas reserves are unburnable.[1] Oxfam has already confirmed that the poor and struggling people that they work with are reporting ever-changing and unpredictable weather patterns, which contribute to deeper and longer lasting floods in South Asia; irregular rainfall in Mozambique, or hotter temperatures that are melting glaciers in Bolivia and Tajikistan.[2] Climate change may also wipe out $2.5 trillion, or 1.8 percent of the world's financial assets by the end of this century if the planet continues to warm at its current rate, according to a recent study in the peer-reviewed journal Nature Climate Change.[3] In a speech at Lloyd’s of London in September 2015, Mark Carney, Governor of the Bank of England said that by the time ‘climate change becomes a defining issue for financial stability, it may already be too late’. Carney warned investors that policies to address climate change ‘would render the vast majority of reserves ‘stranded’ – oil, gas and coal that will be literary unburnable’. [4] Many have already divested. AXA in 2015 announced that it was selling $500 million of coal stocks.[4] We therefore believe that the Council should help prevent climate change and reduce its exposure to climate and carbon related risks by divesting of these assets. [1] https://www.carbonbrief.org/meeting-two-degree-climate-target-means-80-per-cent-of-worlds-coal-is-unburnable-study-says [2] http://www.oxfam.org.uk/what-we-do/issues-we-work-on/climate-change#8f355e95-4248-47d2-8973-920be53a9fde [3] https://insideclimatenews.org/news/04042016/study-warning-wall-street-financial-risks-stranded-assets-climate-change-trillion-dollars [4] http://www.carbontracker.org/wp-content/uploads/2015/11/CAR3817_Synthesis_Report_24.11.15_WEB2.pdf
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    Created by Felix Grenfell Bozek
  • Divest Northamptonshire From Fossil Fuels
    In order to stop the global climate warming by 2 °C above pre-industrial levels and avert global catastrophe, 80% of all known fossil fuels must stay in the ground. [1] By removing investments in fossil fuel companies Northamptonshire County Council will be showing its commitment to creating a healthy, sustainable future for both the people of Northants and the planet as a whole. 97% of climate scientists agree that humans are the primary cause of recent climate change, largely due to the release of greenhouse gases from the combustion of oil, coal and gas for heat and power. Climate change is happening now - we’re already experiencing global temperature rise, warming oceans, shrinking ice sheets and more frequent and intense extreme weather events. [2] Whole ecosystems are threatened, and people's lives are at risk due to flooding, food and water insecurity, creating climate change refugees. [3] NORTHAMPTONSHIRE Northamptonshire Local Government Pension Scheme Fund Total-£1,659,847,000 Total Fossil Fuel Investment- £171,800,000 (10.35%) Direct Investments- £115,377,000 (6.95%) Projected Indirect Investments-£56,423,000.00 (3.39%) [4] [1] http://www.bbc.co.uk/news/science-environment-30709211 [2] http://climate.nasa.gov/evidence/ [3] http://www.unhcr.org/pages/49e4a5096.html [4] http://gofossilfree.org/uk/pensions/
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    Created by Northants FoE Local group
  • End Croydon Council's support of fossil fuels
    Climate change is one of the greatest threats facing humanity. It is real and it is happening now. We know that one of the biggest contributors to climate change is humans burning fossil fuels. If we are to keep to the aims of the Paris agreement and keep global warming to less than 2°C above pre-industrial levels then we have to leave 80% of known fossil fuel reserves unburnt. Increasing the threat of climate change or trying to profit from increasing the threat is clearly not a responsible use of public funds. Responsible investors should therefore withdraw their support from every company that is involved in extracting, promoting or selling fossil fuels. Croydon Council's pension fund currently has around £40m invested in fossil fuel companies such as Chevron, ExxonMobil and Shell. Croydon Council should take a stand and divest our money from fossil fuel companies. Divestment from fossil fuels would make a powerful statement that the fossil fuel industry is morally and economically unviable, and that the people of Croydon wish to support a sustainable energy future.
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    Created by Ellen Gibson
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