03 November 2021

Councils urged to divest pension funds

Councils urged to divest pension funds image

Campaigners are staging protests across the UK today, calling for councils to divest pension funds from fossil fuels.

The demonstrations have been planned to coincide with COP26, and will include a 70s-themed protest in Glasgow to call on Strathclyde Pension Fund to end its £800m investment in fossil fuels.

A report from Friends of the Earth and campaign group Platform shows councils invest around £10bn in fossil fuels through their pension funds.

The analysis shows that fossil fuels represent 3% of the total value of the Local Government Pension Scheme (LGPS).

Rianna Gargiulo, divestment campaigner at Friends of the Earth, said: 'While the planet burns, the flames are being fanned by local authority pension funds which have billions of pounds invested in climate-wrecking fossil fuels.

'Councils must play their part in protecting the long-term future of their employees by ending their support for gas, coal and oil, and investing in building a cleaner, safer future for us all.'

SIGN UP
For your free daily news bulletin
Highways jobs

Restorative Justice Practitioner

Essex County Council
£24395 - £31131 per annum + + 26 Days Leave & Defined Benefit Pension
Restorative Justice PractitionerPermanent, Full Time£24,395 to £31,131 per annumLocation
Recuriter: Essex County Council

Specialist Senior Supporting Families Worker - 12 month FTC

Essex County Council
£30931 - £35362 per annum + + 26 Days Leave & Defined Benefit Pension
Specialist Senior Supporting Families WorkerFixed Term, Full Time£30,931 to £35,362 per annumLocation
Recuriter: Essex County Council

Supervising Social Worker - Fostering Team, South Essex

Essex County Council
£36101 - £48622 per annum
Supervising Social Worker - Fostering Team, South EssexPermanentPart Time, 3 days / 22.2 hours per week£36,101 to £48,622 per annumLocation
Recuriter: Essex County Council

Social Worker - Children in Care, South Essex

Essex County Council
£36101 - £48622 per annum
Social Worker - Children in Care, South EssexFixed term / Secondment, 12 monthsFull Time, 37 hours per week£36,101 to £48,622 per annumLocation
Recuriter: Essex County Council

Youth Partnership Coordinator

Sheffield City Council
Grade 6 (£30,825 to £34,834)
We have an exciting opportunity for a part-time Youth Partnership Coordinator to join Community Youth Services Sheffield, South Yorkshire
Recuriter: Sheffield City Council
Linkedin Banner

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.