The Greater Manchester campaign
for fossil fuel divestment
Fossil Free Greater Manchester
We are part of a rapidly growing global alliance campaigning for divestment. We’re working with trade unions, scheme members and others to persuade the Greater Manchester Pension Fund to ditch its risky and polluting investments in fossil fuel companies.
If you’d like to get involved with the campaign, why not come along to one of our meetings? They take place at 7pm on the 2nd and 4th Monday of the month at the Green Fish Resource Centre (46-50 Oldham St, M4 1LE). All welcome!
Over 80% of the world’s coal, oil and gas reserves are unburnable if we want to halt climate change.
The hundreds of billions of pounds invested in energy projects every year need to be moved out of the fossil fuel industry and invested in clean energy instead.
Universities, pension funds, churches and other institutions are increasingly taking their investments out of coal, oil and gas.
We’ve joined this rapidly growing global alliance, and are campaigning to persuade the Greater Manchester Pension Fund (GMPF) to divest the £1.8 billion it has invested in fossil fuels.
We call on GMPF to:
- Immediately freeze any new investments in fossil fuel companies
- Divest from companies involved in the exploitation of coal and unconventional oil or gas within two years and all fossil fuel companies within 5 years
- Work with the Greater Manchester Combined Authority to develop and fund a low-carbon investment programme for Greater Manchester
Not only will this send a strong signal to the fossil fuel industry, government and other investors, but it will reduce the financial risk of continuing to hold these stranded assets, thus helping the fund in its duty to its members – current and future pensioners.
You can sign our petition to GMPF here
Press release: Residents demonstrate for GM pension fund to stop funding climate change
17th October 2018
Local residents will demonstrate outside the Greater Manchester Pension Fund’s (GMPF) annual general meeting in Droylsden on Friday 19th October at 12.30. They will call for the Fund to stop investing in fossil fuel companies and will present remnants from the recent moorland fires to delegates. The GMPF is the UK’s biggest local authority pension…
Public Meeting: Climate Change, Divestment and the Fight against Fracking
1st October 2018
Tuesday 16 October , 7.00pm, at Friends Meeting House, Mount St, Manchester, M2 5NS. Organised by Fossil Free Greater Manchester, Frack Free Greater Manchester and Manchester Campaign against Climate Change. Do please come along and join the discussion about how best to join up our campaigns. Facebook event link. Speakers to include FFGM’s very own…
New report reveals Greater Manchester councils investing £1 billion in fracking industry
5th September 2018
A national report released on Monday revealed that Greater Manchester’s councils, led by Tameside Council, are investing £1 billion in fracking companies through their management of the local authority pension fund . The news comes as the fracking industry is poised to drill for gas for the first time in seven years in the UK….
When will Greater Manchester Pension Fund de-carbonise its investment portfolio?
24th July 2018
The Greater Manchester Pension Fund has yet to engage with the arguments for fossil fuel divestment and present clear plans for decarbonisation of its portfolio. Background In November last year, GMPF responded to our campaign for divesting their fossil fuel holdings with a 14 page letter. They acknowledged the risks from climate change and said…