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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...
This is water defending itself – Protesting the Dakota Access Pipeline on Westminster Bridge

This is water defending itself – Protesting the Dakota Access Pipeline on Westminster Bridge

Forty feet wide by ten feet high the banner drapes delicately from the solid structure of Westminster Bridge. Standing at the parapet, gazing down at the brown river, we can see the upturned faces of over a hundred passengers looking up at us from the tourist vessel ‘Millennium Dream’. They are clearly trying to decipher...

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...
Russian Roulette. The impact of sanctions against Russia on international oil companies

Russian Roulette. The impact of sanctions against Russia on international oil companies

This briefing by Platform, Greenpeace UK and ShareAction outlines the main European and US sanctions that impact IOCs operating in Russia. It details the impact of these sanctions on planned joint ventures involving Exxon, Statoil, Eni and Shell. It also examines the unique consequences for BP as a holder of a 19.75% stake in Rosneft...