Ask your Wolverhampton councillor to support fossil fuel divestment
Campaign for Residents of Wolverhampton
Despite declaring a climate emergency in 2019, West Midlands Pension Fund, the £15 billion pension fund managed by Wolverhampton invests hundreds of millions of pounds - 6.9% of its total equities - in fossil fuel companies.
A recent report by Oil Change International found that “not a single climate plan released by a major oil company comes close to aligning with the urgent 1.5ºC global warming limit”. Moreover these companies invest millions in fighting climate legislation. Fossil fuels are being beaten by renewables on price much faster than experts predicted. These are risky investments which have no place in a local government pension fund committed to responsible investment.
Please will you ask your local Wolverhampton councillor to sign our pledge to support WMPF divestment from fossil fuels and reinvesting locally to support a low carbon future. https://divestwmpf.org/the-pledge/.
This campaign is for residents of Wolverhampton. If you are outside Wolverhampton, why not email the Pensions Committee.