Brighton & Hove City Council divestment motion tabled – contact your Councillor now and join the demo on 6 April

Next Thursday (6 April), Brighton and Hove City Council will be voting on a fossil fuels divestment motion tabled by two Labour and Cooperative Group Councillors (Lloyd Russell-Moyle and Kevin Allen).

If it passes, Brighton and Hove City Council would become the third institutional member of the Pension Fund to call on East Sussex County Council to divest the East Sussex Pension Fund from fossil fuels (oil, coal and gas).

Hastings Borough Council passed a similar motion in April 2016, and Lewes Town Council followed suit earlier this month.The Fund has an estimated £172m of local people’s pensions invested in fossil fuels.

Please take action to support this motion:

Continue reading Brighton & Hove City Council divestment motion tabled – contact your Councillor now and join the demo on 6 April

Lewes Town Council calls for East Sussex Pension Fund to ditch its investments in oil, coal and gas

Press release
7 March 2017
Divest East Sussex [1]

LEWES TOWN COUNCIL CALLS FOR EAST SUSSEX PENSION FUND TO DITCH ITS INVESTMENTS IN OIL, COAL AND GAS
Motion passed in wake of Pension Committee decision that climate change “poses material risks” to local people’s pensions

Councillors on Lewes Town Council joined forces last week to pass a cross-party motion calling on the East Sussex Pension Committee to divest the East Sussex Pension Fund of its investments in fossil fuels (oil, coal and gas) [2]. The motion, which notes that such investments are “financially risky” and “damaging the balance of the climate”, was supported by all of the Councillors present – including members of the Green Party and the Liberal Democracts – with one abstention owing to a potential conflict of interest. Hastings Borough Council passed a similar unanimous cross-party motion last year [3].
Continue reading Lewes Town Council calls for East Sussex Pension Fund to ditch its investments in oil, coal and gas