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

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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

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

Campaigners hail passing of $5 trillion divestment threshold

CAMPAIGNERS CALL ON COUNTY COUNCIL TO DIVEST LOCAL PENSIONS FROM FOSSIL FUELS AS VALUE OF FUNDS DIVESTED GLOBALLY PASSES $5 TRILLION
Pension funds that fail to consider climate risk could face legal challenges – leading UK barristers

13 December 2016: Campaigners from around East Sussex have hailed a new report [2], showing that the global movement to get institutions to ditch investments in the oil, coal and gas industries has doubled in size since 2015. Over 685 institutions in 76 countries,  managing assets worth  more than  $5 trillion, have now made some form of divestment commitment.[3] Continue reading Campaigners hail passing of $5 trillion divestment threshold

Campaigners send climate report to East Sussex Pension Committee

CAMPAIGNERS SEND CLIMATE REPORT TO EAST SUSSEX PENSION COMMITTEE
Committee urged to make contact with London Pension Fund that is ditching its investments in oil, coal and gas

Campaigners from around East Sussex have sent a copy of the World Metereological Organisation (WMO)’s latest report to the chair of the East Sussex Pension Committee, highlighting the impact of the Committee’s investments in oil, coal and gas on the earth’s climate. Continue reading Campaigners send climate report to East Sussex Pension Committee

Local pension fund member launches petition calling for East Sussex Pension Fund to ditch its fossil fuel investments

LOCAL PENSION FUND MEMBER LAUNCHES PETITION CALLING FOR EAST SUSSEX PENSION FUND TO DITCH ITS FOSSIL FUEL INVESTMENTS
Pension Fund must stop pretending it can “influence” the likes of Exxon – petition founder

1 November 2016: As the world enters “a new era of climate change reality” [2], a member of the East Sussex Pension Fund has set up a new petition (tinyurl.com/eastsussexdivest) calling on East Sussex County Council to divest the Fund of its investments in the coal, oil and gas industries. Continue reading Local pension fund member launches petition calling for East Sussex Pension Fund to ditch its fossil fuel investments

East Sussex residents take part in first UK-wide gathering of fossil fuel divestment campaigners

EAST SUSSEX RESIDENTS TAKE PART IN FIRST UK-WIDE GATHERING OF FOSSIL FUEL DIVESTMENT CAMPAIGNERS
East Sussex should follow lead set by Waltham Forest, Haringey and South Yorkshire, say local residents

24 October: Campaigners from around East Sussex joined scores of people from across the UK in Hertfordshire last weekend for the first UK-wide gathering of fossil fuel divestment campaigners. Continue reading East Sussex residents take part in first UK-wide gathering of fossil fuel divestment campaigners

East Sussex Pension Fund members urged to make their voices heard on fossil fuel investments

EAST SUSSEX PENSION FUND MEMBERS URGED TO MAKE THEIR VOICES HEARD ON FOSSIL FUEL INVESTMENTS
Brochure and web tool launched by campaigners from across East Sussex

10 October: Campaigners from around East Sussex have launched a new brochure and web tool today to help members of the East Sussex Pension Fund (ESPF) lobby the County Council to reinvest the £172 million it currently has invested in the coal, oil and gas industries [1].
Continue reading East Sussex Pension Fund members urged to make their voices heard on fossil fuel investments

East Sussex Campaigners hail first UK pension fund to ditch fossil fuel investments

EAST SUSSEX CAMPAIGNERS HAIL FIRST UK PENSION FUND TO DITCH FOSSIL FUEL INVESTMENTS
County Council urged to follow lead shown by Waltham Forest

Campaigners from around East Sussex have welcomed the news that Waltham Forest pension fund is to divest itself of its £23.9 million worth of investments in the oil, coal and gas industries [2]. The Fund, worth £735 million, will become the first UK Pension Fund to completely divest itself from fossil fuels. Continue reading East Sussex Campaigners hail first UK pension fund to ditch fossil fuel investments