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Divestment works!

Divestment works!

Friday, September 16, 2022

Bill McKibben, founder of 350.org, wrote in the New York Times in November 2021 about the success of the movement to divest from fossil fuels, and pointed to some impressive figures and heartening trends. Endowments, portfolios and pension funds worth just short of $40 trillion had by then committed to full or partial abstinence from coal, gas and oil shares. Pension funds, watch out -- your investments in black gold could turn into dust in your hands.

September 16 2022: Update on Warwickshire Climate Alliance's campaign for Warwickshire County Council to Divest from Fossil Fuels

Warwickshire County Council's local government Pension Scheme has £94 million invested with fossil fuel producers. We can't go on supporting industries that are destroying the climate. Oil and gas stocks cannot be part of a sound long term investment strategy. Warwickshire County Council’s Pension Fund can choose to divest from fossil fuel producers, stop carbon emissions and support clean industries and green jobs. Follow this link to send an email to the councillors on the Pension Fund Investment Sub-Committee, telling them why it is so vital to decarbonise the pension scheme. You might add a quote from the Secretary General of the United Nations, Antonio Guterres...

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