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
Councillor Kieran Quinn
2nd January 2018
Councillor Kieran Quinn: Statement from Fossil Free Greater Manchester Like others who had known him, we at Fossil Free Greater Manchester were shocked and saddened to hear of Councillor Kieran Quinn’s untimely and sudden death during the Christmas holiday. Along with many civic roles, Cllr Quinn chaired the Greater Manchester Pension Fund and was open…
Response to GMPF’s consultation on its Investment Strategy Statement
14th November 2017
We have now published our response to the GMPF Investment Strategy Statement. We welcome the acknowledgement that climate change is a material financial risk to the Fund’s investments but we argue that the Fund’s chosen approach for responding to this, engagement with the fossil fuel companies, is inadequate to the task. As engagement specialist NGO…
Greater Manchester councils investing £1.8 BILLION in climate-wrecking companies
9th November 2017
National data released today has revealed that Greater Manchester’s local authority pension fund is investing £1.8 billion in the fossil fuel industry . Campaigners say the controversial investments threaten the climate and also represent an unacceptable financial risk to both present and future pensioners. The Greater Manchester Pension Fund is now the dirtiest in…
5,000 people call for GM Pension Fund to ditch fossil fuels
22nd September 2017
Today we handed in our petition with more than 5,000 signatures calling on GMPF to divest from fossil fuels. At the end of the Fund’s Annual General Meeting, the Chair, Councillor Kieran Quinn, accepted the petition to which the Fund will respond. We now look forward to an informed discussion on climate risk and responsible…