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Revealed: UK council pensions are banking £16.1 billion on climate disaster

Revealed: UK council pensions are banking £16.1 billion on climate disaster

Today we’re releasing new data analysis showing that UK councils invest £16.1 billion in fossil fuel corporations through their workers’ pensions. These investments are bankrolling the companies most responsible for climate change, like Shell and BP. The councils with the biggest investments in fossil fuels – Manchester, Galloway & Dumfries, Hammersmith & Fulham, and Torfaen...
Data release: UK councils invest £16.1 billion in fossil fuels

Data release: UK councils invest £16.1 billion in fossil fuels

Press enquiries contact: Anna Galkina / Platform / @PlatformLondon 07942044472 / [email protected] Full dataset available online. Councils invest £16.1 billion of pensions into fossil fuel companies out of a total of £289.9 billion, new data reveals No significant change on 2015 investments, despite pressure to take climate risk into account Manchester, Dumfries and Galloway, Torfaen,...
How would you measure our effectiveness?

How would you measure our effectiveness?

A few weeks back, Matt Shardlow, CEO of Buglife, tweeted the chart underneath. It shows Platform apparently outstripping other UK environmental organisations in terms of our impact relative to our income. We were startled by this, and looked into the criteria and source. The data was collected for the Environmental Funders Network’s  interesting 2017 report ‘What...
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...

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...
Share price of BP falling - will Shell take over BP?

Share price of BP falling – will Shell take over BP?

As the London Stock Exchange opened at 09.00 on Tuesday, 16th December, BP’s shareprice was down to 365 pence. It was the bottom of a long slide from 448 pence on the 21st November and investors in the company looked concerned that BP was failing badly. Shares in BP have lost 25% of their value...
A manifesto for Energy beyond Neoliberalism

A manifesto for Energy beyond Neoliberalism

We’ve written a manifesto titled Energy beyond Neoliberalism: “This is a call for energy democracy. Not energy security or energy separation. A survivable and just energy future means breaking the grip of elite interests on our energy systems, ending dependency, increasing autonomy, building diverse power structures through which we can hold one another to account,...
A journey to 'communities of the ideal'

A journey to ‘communities of the ideal’

A while back James Marriott made a journey to two communities – each of which tries to approach an ideal. This is his reflection on the experience. The first, La R.o.n.c.e in the Morbihan region of Brittany, is being established on an abandoned farm by six activists and artist-activists, two of whom, John Jordan and...