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Council workers' largest trade union votes for divesting pensions

Council workers’ largest trade union votes for divesting pensions

After two years of impressive mobilisation by UNISON grassroots members across England, Scotland and Wales, the trade union has officially taken on fossil fuel divestment policy. Yesterday the union’s National Delegate Conference voted unanimously to seek divestment of Local Government Pension Schemes from fossil fuels over five years giving due regard to fiduciary duty UNISON...
Council workers’ largest union commits to divesting pensions from fossil fuels

Council workers’ largest union commits to divesting pensions from fossil fuels

Full text of UNISON motion (pdf). UNISON to “seek divestment of Local Government Pension Schemes from fossil fuels over five years giving due regard to fiduciary duty” Local government pensions have £14 billion invested in oil, coal and gas UNISON is the largest organisation representing pension-holders working for local government The largest body representing local government...
Hackney Council as the climate vanguard - or is it just a laggard?

Hackney Council as the climate vanguard – or is it just a laggard?

Hackney Council is voting tonight on its investment policy regarding fossil fuels and climate change. After years of campaigning by Divest Hackney and lots of media attention, this Tuesday is the big day for the Pensions Committee. But despite the hype and the repeated delays, the proposals are pretty disappointing. Hackney Council has £42 million in fossil...
BP's sponsorship of Tate is over!

BP’s sponsorship of Tate is over!

Today is one of those days when we know we’re winning. It emerged that BP’s sponsorship of art gallery Tate will end within a year. Until this morning we didn’t know whether Tate would be signing a new deal with the oil company, locking it into fossil fuel promotion for a further 5 years. But in a victory for cultural divestment,...
Our pensions, our communities, our planet

Our pensions, our communities, our planet

Trade union briefing: Our pensions, our communities, our planet How to reinvest our pensions for our good? Download the briefing (pdf) Local governments in the UK invest over £14 billion of public sector pension funds into fossil fuel corporations. That means workers’ pensions are accelerating dangerous climate change. They are overly risky long term investments...
Support the Trade Union reinvestment campaign

Support the Trade Union reinvestment campaign

Local governments in the UK invest over £14 billion of public sector pension funds into fossil fuel corporations. That means workers’ pensions are accelerating dangerous climate change. They are overly risky long term investments and they funnel capital out of local lives, jobs and economies into corporate profits of the likes of BP and Shell....
UK local council pensions lose £683 million with coal crash

UK local council pensions lose £683 million with coal crash

RELEASE: UK local council pensions lose £683 million with coal crash Embargo: 00:01am Monday 12 October Contact: Mika Minio-Paluello (Platform London) 07733466038 UK local councils have lost up to £683 million to their pension funds, because of failed investments into coal firms. New data reveals the councils most affected – the value of Greater Manchester’s...

Local Government Pensions, Fossil Fuels & the Transition to a New Economy

Local governments in the UK have pension funds worth over £230 billion. £14 billion of this – over 6% – is invested into fossil fuel corporations. The briefing Local Government Pensions, Fossil Fuels & the Transition to a New Economy analyses the breakdown of investments of all UK local authorities through their 101 pensions funds, responsible...
What is Energy Democracy and how do we pay for it?

What is Energy Democracy and how do we pay for it?

To build energy democracy we need to break the control of corporations over our energy. Companies like BP and Shell and the Big Six play an enormous role in determining which fuels are used to generate energy, how much we pay for electricity, and where the profits go. These big companies work hard to convince...