The Greater Manchester campaign
for fossil fuel divestment
Fossil Free Greater Manchester
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 its £1.3B investment 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.
We are part of this rapidly growing global alliance campaigning for divestment. We’re working with 350.org and others to ask UK local authorities to take their cash and pension funds out of fossil fuels.
You can sign our petition to GMPF here
Campaigners hail UNISON decision as GMPF faces more pressure to ditch fossil fuels
24th June 2017
Fossil Free Greater Manchester (FFGM) today hailed UNISON’s decision that local authority pension funds should stop investing in fossil fuels. UNISON members took the decision at their annual conference in Brighton. “UNISON has changed its position in the face of evidence that fossil fuel investments are bad for its members’ pensions and bad for the…
GM Pension Fund digs a bigger hole for its members’ pension investments
7th May 2017
Greater Manchester’s local authority pension fund has nearly trebled its investments in dirty, risky and increasingly redundant coal stocks. Its latest accounts show the Greater Manchester Pension Fund (GMPF) increased its stakes in mining companies Anglo American and Glencore by 288% and 276% between March 2015 and March 2016. These investments expose Greater Manchester’s local…
Greater Manchester Mayoral candidates back our divestment call
2nd May 2017
All four of the candidates who attended the environment hustings on Friday evening (28 April) said they would call on GMPF to divest from fossil fuels. The candidates were, in order of speaking on this question: Sean Anstee, Conservative Party Andy Burnham, Labour Party Jane Brophy, Liberal Democrats Will Patterson, Green Party The question asked…
Why the Waltham Forest council pension fund divested – video
5th March 2017
Here’s a video showing why Waltham Forest became the first UK council pension fund to commit to divest from fossil fuels. Video includes interviews with councillors: