Why my council pension fund is divesting £1.2bn from fossil fuels

Local authorities invest £16bn in fossil fuel companies. In Southwark, we will no longer do this Data released on 9 November shows that the UK’s local authorities invest more than £16bn into companies that extract oil, gas and coal. Collectively, the country’s local government pension funds have nearly £3,000 invested in fossil fuels for every pension fund member. Southwark has decided we will no longer do this.In December 2016, Southwark council pension fund made a