Summer 2021 Supporters’ Newsletter
10th August 2021This newsletter has been sent to our supporters and we are also making it more widely available here at this critical point in the global climate crisis – on which GMPF has still to act with the seriousness and resolve that we all need whether fund members, elected representatives or citizens both locally and globally….
Read moreFossil Free GM’s updated Fact Check Briefing
3rd July 2021We have updated our comprehensive briefing paper, Fact check: Why the Greater Manchester Pension Fund can and must stop funding the fossil fuel industry. Read our Fact Check Briefing by clicking HERE “It is incongruous that a Fund which has relatively high levels of investment in renewable energy is making such slow progress in divesting…
Read moreGMPF buys more shares in fossil fuels. Fund’s performance continues to slide.
7th June 2021PRESS RELEASE Immediate release – 7.6.21 from: Fossil Free Greater Manchester campaign group – contact details below. Despite the climate emergency, GM Pension Fund invested more in oil, gas and coal last year Campaign group Fossil Free Greater Manchester (FFGM) has revealed that the Greater Manchester Pension Fund (GMPF) increased its holdings in fossil fuels…
Read moreFossil fuel holdings increase at GM Pension Fund
10th May 2021Reposted from The Meteor Thanks for covering this story. By Alex King Analysis of the Fund’s 2021 annual report by Fossil Free Greater Manchester shows the Fund increased its holdings of fossil fuel shares between 2019 and 2020, undercutting its claims it has made moves to divest. The Greater Manchester Pension Fund (GMPF) bought more…
Read moreFFGM Supporters Newsletter March 2021
19th March 2021A lot’s been happening! Dear FFGM Supporters, In this newsletter New data on dirty local government pension investments Our correspondence with GMPF Greater Manchester Councils speak up Action you can take Union members: petition to sign Despite the pandemic, we’re still working hard at Fossil Free Greater Manchester to persuade the Greater Manchester Pension Fund…
Read moreNew research: North West local government funds still heavily invested in fossil fuels
23rd February 2021Friends of the Earth and Platform press release Dirty pensions: North West local government funds still heavily invested in fossil fuels Local councils in the north west still have over a billion pounds invested in planet-wrecking fossil fuels through local government pension funds. Freedom of information requests by environmental campaigners found that, despite decreases in recent years, local government pensions in the north…
Read moreGreater Manchester Pension Fund suffers £375m hit to Oil and Gas stocks
8th December 2020Press Release from Fossil Free Greater Manchester Greater Manchester Pension Fund suffers £375m hit as oil and gas investments crash. New analysis reveals that £375m was wiped off the value of the Greater Manchester Pension Fund due to their oil and gas investments losing value over the past three years [1]. Platform London commissioned Transition…
Read moreFact checking GMPF’s arguments against divestment
13th November 2020We welcome the news that all ten of our local councils, along with the GM Combined Authority, have declared a climate emergency. But the Greater Manchester Pension Fund (GMPF), run by Tameside on behalf of all the local authorities and other employers, continues to invest huge sums in polluting fossil fuel companies. GMPF’s largest direct…
Read moreGM Pension Fund’s “Low Carbon Fund”: a drop in the ocean
7th October 2020Post updated, 9 October, 2020. minor corrections, 10 December, 2020 In 2019, the Greater Manchester Pension Fund (GMPF) announced that it was moving some £2.3 Billion of funds to a new “low carbon Fund”. They have also claimed that this is one of the largest divestments from fossil fuels by any UK Pension Fund. Using…
Read moreTameside has yet to give details of the Fund’s “low carbon” investment
9th September 2020Updated post: 10 Sept., 2020 For approximately a year now, the Greater Manchester Pension Fund has been trumpeting its initiative to move some £2.4 Billion of its money from a tracker fund to a “low carbon” fund. It has even claimed that this is the “biggest divestment by any council pension scheme in the UK”…
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