Published 15/11/17  10:38amby Chris.lee


West Yorkshire councils investing almost ONE BILLION POUNDS in fossil fuel companies

Fossil Free UK have just launched their new Fuelling the Fire report, analysing the investments of every council pension fund in the UK.

Local councils across the UK are investing £16 billion in the fossil fuel industry. That’s £16 billion of public money #fuellingthefire of the climate crisis, and propping up the fossil fuel companies responsible.

But what do the numbers look like for West Yorkshire? They’re not particularly reassuring: almost a billion pounds are being invested into fossil fuels.

West Yorkshire pension fund investments

If you’re not impressed with these numbers, email your councillor now to let them know this is unacceptable.

You can also explore the map in more detail to compare the figures with other councils in the UK.

This year has brought devastating climate impacts, with hurricanes ravaging the Caribbean, and Pacific islanders fighting to stop their homes from sinking into the sea.

While national governments gather for the COP23 climate talks in Germany, our new report shows here at home, local councils are still backing the industry responsible for the climate crisis, pouring billions into the companies blocking action.

Two years ago, world governments signed the Paris Agreement – pledging to limit global temperature rise to 1.5 degrees. But the actions of fossil fuel companies like Shell and BP are pushing us far beyond this vital climate threshold.

Halting the expansion of fossil fuels is a matter of survival for many communities around the world – we need to stand in solidarity with them, and fight for climate justice.

Here in West Yorkshire the Fossil Free campaign has made fantastic progress in pushing West Yorkshire Pension Fund to divest. With motions passed by trade union UNISON, members demanding climate action at the AGMs, actions around West Yorkshire getting in the mainstream media, and much more it has been a lively two years and the Fund are having to respond publicly to the pressure.

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