{
	"type": "rich",
	"version": "1.0",
	"provider_name": "Action Network",
	"provider_url": "https://actionnetwork.org",
	
	"html": "<link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/petition/divest-suffolk-county-council-pension-funds-from-fossil-fuels?format=js&source=widget'></script><div id='can-petition-area-divest-suffolk-county-council-pension-funds-from-fossil-fuels' style='width: 100%'><!-- this div is the target for our HTML insertion --></div>",
	"author_name": "Suffolk County Council Pension Fund Divestment Group",
	"author_url": "https://actionnetwork.org/groups/suffolk-county-council-pension-fund-divestment-group",
	"title": "Divest Suffolk County Council Pension Funds from Fossil Fuels",
	"thumbnail_url": "https://can2-prod.s3.amazonaws.com/petitions/photos/000/282/075/normal/New_version_Petition_Image2.png",
	"description": "We call on Suffolk County Council Pension Fund to cease any new investments in fossil fuel, and within three years divest the pension fund&#x27;s holdings from fossil fuels. Investing in fossil fuel creates a risk both to members of the pension fund and to the planet. Financial analysts warn that fossil fuel companies are likely to be over-valued due to their reliance on reserves in the ground which will become worthless if carbon legislation comes into effect.[1] All local authorities in Suffolk contribute to this pension fund, including Ipswich Borough Council, Waveney District Council, Suffolk Coastal District Council, St Edmundsbury Borough Council, Mid Suffolk District Council, Forest Heath District Council and Babergh District Council. Suffolk County Council declared a Climate and Ecological Emergency [2] in 2019 and declares that it wants to be the ‘greenest county’.[3]  This aspiration is incompatible with a pension fund that is still wedded to high carbon investments. Why is it that a council professes to be working hard to achieve net zero in their operations continues to invest millions into a pension which does the opposite? We call on the Pension Fund to come clean with their contributors and beneficiaries, many of whom would be shocked to find that their Pension Fund is investing in polluting carbon technologies. Divestment is not an impossible ask!  In 2016, Waltham Forest Council Pension Fund Committee made the ground-breaking decision to divest from fossil fuels for both environmental and financial reasons.[4] Reducing investment in fossil fuels  helps protect pension funds against possible future under performance of oil, gas, and coal stocks as the world moves toward a low-carbon economy, and creates a cleaner environment for everyone.   Time is running out, we have no time to delay. 1. http://www.theguardian.com/environment/2013/apr/19/carbon-bubble-financial-crash-crisis 2. https://www.suffolk.gov.uk/planning-waste-and-environment/initiatives/our-climate-emergency-declaration/ 3. https://www.greensuffolk.org/about/ 4. https://www.walthamforest.gov.uk/content/council%E2%80%99s-decision-divest-fossil-fuels-helps-tackle-climate-emergency-and-create-better",
	"url": "https://actionnetwork.org/petitions/divest-suffolk-county-council-pension-funds-from-fossil-fuels"
}