To: London Borough of Wandsworth Council

Fossil Fuel Free Wandsworth

We, the undersigned, are calling upon Wandsworth Council to:

- immediately freeze any new investments in fossil fuels made by the Wandsworth Borough Pension Fund or Wandsworth Council itself.

- divest its own financial holdings, and those of its pension fund, from any business which is involved in the exploration or production of fossil fuels by shifting its funds to ethically and environmentally friendly investments within 5 years

- pressure other pension funds, including members of the Local Authority Pension Fund Forum and Local Government Pension Scheme to do the same

Why is this important?

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.

London Borough of Wandsworth, United Kingdom

Reasons for signing

  • I believe divestment is the way forwards on climate change. These big companies only care about money so we need to stop giving them extra funding until they make a serious attempt at sustainability

Updates

2016-12-21 08:18:00 -0500

25 signatures reached

2015-09-24 15:41:41 -0400

10 signatures reached