County Council accepts climate change “poses material risks” to East Sussex Pension Fund

Karl Horton and members of Divest East Sussex at County Hall on 27 February 2017
Karl Horton and members of Divest East Sussex at County Hall on 27 February 2017

COUNTY COUNCIL ACCEPTS CLIMATE CHANGE “POSES MATERIAL RISKS” TO EAST SUSSEX PENSION FUND
East Sussex Pension Committee amends draft Investment Strategy as local pension member delivers 1200 petition signatures calling on County Council to ditch “dirty” investments in oil, coal and gas

Monday 27 February, County Hall, Lewes: The East Sussex Pension Committee agreed to amend the text of its new draft Investment Strategy Statement this morning, to recognise that “climate change poses material risks” to the East Sussex Pension Fund [2]. The Fund – which is administered by the County Council and holds the pensions for a wide range of organisations from across East Sussex – is estimated to have over £150m invested in the fossil fuel industries (oil, coal and gas) [3].

This morning’s decision was made on the same day that local Pension Fund member Karl Horton delivered 1,200 signatures to the Council calling on the East Sussex Pension Fund to sell its investments in fossil fuels (coal, oil and gas). The petition – which can be found online at http://tinyurl.com/divesteastsuss – has been signed by people from across East Sussex, including residents of Battle, Bexhill, Brighton, Crowborough, Eastbourne, Etchingham, Forest Row, Hastings, Heathfield, Hove, Lewes, Polegate, Seaford, St Leonards, and Uckfield [4].
Continue reading County Council accepts climate change “poses material risks” to East Sussex Pension Fund

25 meter petition to be handed-in as County Council discusses climate risk

Residents from Lewes, Forest Row and Hastings hand in hundreds of signatures calling for the divestment of the East Sussex Pension Fund from fossil fuels, at County Hall in Lewes, 12 July 2016. East Sussex County Council Chair Michael Ensor (Cons) and Councillor Ruth O'Keeffe (Independent Group) accepted the petition on behalf of the Council.
Residents from Lewes, Forest Row and Hastings hand in hundreds of signatures calling for the divestment of the East Sussex Pension Fund from fossil fuels, at County Hall in Lewes, 12 July 2016. East Sussex County Council Chair Michael Ensor (Cons) and Councillor Ruth O’Keeffe (Independent Group) accepted the petition on behalf of the Council.

TWENTY-FIVE METER DIVESTMENT PETITION TO BE HANDED-IN AS COUNTY COUNCIL DISCUSSES CLIMATE RISK
Over 1180 people from across East Sussex call on County Council to ditch “dirty” investments in oil, coal and gas

9.30am, Monday 27 February, County Hall, Lewes: East Sussex residents will be handing-in a 25m-long petition at County Hall in Lewes next Monday (27 Feb), calling on East Sussex County Council to divest the East Sussex Pension Fund of investments in fossil fuels (coal, oil and gas). The petition has been signed by over 1180 people from across East Sussex, including residents of Battle, Bexhill, Brighton, Crowborough, Eastbourne, Etchingham, Forest Row, Hastings, Heathfield, Hove, Lewes, Polegate, Seaford, St Leonards, and Uckfield [2]. Continue reading 25 meter petition to be handed-in as County Council discusses climate risk