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