25 signatures reached
To: Milton Keynes Council
Fossil Free MK
Fossil Free MK are calling on Milton Keynes Council to:
1. Immediately FREEZE any new local government pension funds investment in the top 200 publicly-traded fossil fuel companies: http://fossilfreeindexes.com/research/the-carbon-underground/
2. DIVEST the local government pension funds from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years.
3. REINVEST the money divested from fossil fuel companies into renewable energy, clean public transport run on electricity from renewable energy, social housing and green spaces to create jobs, boost local economies, increase health and wellbeing and future proof against climate change while protecting investments: https://communityreinvest.org.uk/reinvest/. These reinvestments, especially the ones in housing, should include co-operatives.
Why is this important?
Milton Keynes has £106,787,459 invested in fossil fuel companies through the Buckinghamshire County Council Pension Fund: https://gofossilfree.org/uk/fuellingthefire/
We are part of a powerful global movement working to build a future free from the injustice of climate change, and free from the profiteering fossil fuel industry that drives it.
By dismantling the power of the fossil fuel industry, we can make space for real climate solutions, and build a future powered by clean, community-led renewable energy.
Our public institutions must take a stand, cut their ties with the industry and divest.