We call on the London Borough of Ealing to freeze any new investments in fossil fuels immediately and to divest from direct ownership and any commingled funds that include fossil fuel public equities, corporate bonds and pension funds within 5 years.
We ask the London Borough of Ealing to make this commitment to support solutions to climate change as the London Borough of Waltham Forest did in September 2016.
Why is this important?
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.
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