Pension Fund and Fossil Fuels


Jamie Calls on Pension Fund to Drop Fossil Fuels

 

Jamie joins a cross-party group of 200 MPs and former MPs that has called on the Parliamentary Pension Fund to phase out its substantial investment in fossil fuel giants such as Shell and BP.  

The call follows growing concern among Parliamentarians about the environmental, social and financial risks posed by climate change.

 

Commenting Jamie said:

 

“Climate scientists have recently warned that we have just 12 years to prevent climate catastrophe and urgent political action must be taken to reduce carbon pollution.

 

“This is why I support the cross-party Divest Parliament campaign to move investment of the MPs Pension Fund away from fossil fuels and towards renewables technologies. It doesn’t make sense for long-term pension funds to be investing in companies that aren’t committed to bringing about a clean energy future.”

 

If successful, the campaign would see Parliament joining the Irish National Infrastructure Fund, the New York State Pension fund, local authorities such as Waltham Forest and Southwark and two thirds of UK universities in committing to fossil fuel divestment.


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