To: Camden Council

Divest Camden

Divest Camden

We are asking Camden Council to support solutions to climate change by withdrawing the pension fund investments from fossil fuel companies. The London Borough of Camden should immediately freeze any new investments in fossil fuels, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds over the the course of the next Council term.

Why is this important?

We believe divestment from fossil fuels to be not only ethically and environmentally correct, but also financially prudent. We are very aware of the importance of and legal obligation to secure the highest possible returns, and believe divestment to provide this in the post Paris Climate Agreement world. The committment to maintaining global temperature rise well below 2 degrees, in line with the agreement, would see much of the current assetts of fossil fuel companies becoming stranded. This has been supported by various financial institutions, including the Bank of England.

Camden Council has a proud history of divesting from the apartheid regime in South Africa, and considering the significant size of its fossil fuel investments (£50 million), could honour this heritage through securing a divestment committment that would resonate on a national scale.

London, London Borough of Camden, United Kingdom

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Reasons for signing

  • One Planet. One Chance.
  • idk..............
  • Because the planet needs to be out of fossil fuels, and because there are good reliable returns on clean energy.

Updates

2018-05-17 14:44:31 -0400

250 signatures reached. Please continue to support us by doing as many of the below as you can:

1. Sign and share our petition: https://campaigns.gofossilfree.org/petitions/divest-the-london-borough-of-camden-from-fossil-fuels

2. Like and share our Facebook page: https://www.facebook.com/DivestCamdenPage/

3. Follow us on Twitter: https://twitter.com/divestcamden

4. Join our public Facebook group: https://www.facebook.com/groups/divestcamden/

5. Visit and share our WordPress website: https://divestcamden.wordpress.com/

2015-01-20 10:49:11 -0500

100 signatures reached

2014-02-15 13:57:00 -0500

50 signatures reached