Stop investing our pensions in companies that jeopardise our future
SURREY COUNTY COUNCIL IS LOSING OUR MONEY...
whilst jeopardising the future of Surrey residents by investing in companies that are driving ecological collapse, mass extinction, and climate breakdown.
Surrey County Council's refusal to divest the pension fund from fossil fuels has resulted in losses of
£130 mllion in the three and a half years since May 2017
Yet the council still refuses to withdraw investment from these slumping shares - and worse, the Chair of the Pension Fund, Tim Evans, calls these losses 'not relevant'. We think the people of Surrey might hold a different view. These losses have to be paid for by Council Tax payers, albeit over a number of years, or face cutbacks in services. The pensions of Fund members will be unaffected by these losses.
Check out the financial case for divestment of Surrey's pensions.
Surrey Pension Fund still holds c. £70m in dirty fossil fuels and these risk becoming 'stranded assets' as the former Bank of England Governor Mark Carney warned.
It is ever more clear that the fossil fuel era is ending, signalled by the rapid growth in renewable energy supply, the mass production of electric vehicles and governments at last recognising the imperative to act."
"Climate breakdown could render investments held by millions of people worthless"
Mark Carney, former Governor Bank of England
CONTACT SURREY PENSION ACT NOW
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