Call on Merton Council to urgently divest from fossil fuels

Merton Council

We are calling on Merton Council to divest from fossil fuels as soon as possible, and no later than 2030.

Merton Council contributes to the Merton Pension Fund - currently this Fund invests £14,581,431 in fossil fuels, of which £9,270,093 is in oil and gas and £5,311,338 is in coal*.

We are in a climate emergency and must act now to prevent catastrophic damage to the planet and people everywhere. We cannot continue to invest in fossil fuels, but instead should fund clean, green, renewable energy.

Merton Council has committed to net-zero carbon emissions from its own operations by 2030, yet its Climate Strategy and Action Plan mentions nothing about the fossil fuel emissions it is funding via its pension fund contributions. The Council must consider the total carbon emissions for which it is responsible, both directly and indirectly, to truly reach net zero by 2030. While the Merton Pension Fund is taking steps to decarbonise its portfolio, significantly more must be done, and urgently, for the Council to stop propping up the fossil fuel industry via its investments.

As the world comes together for COP26, we ask Merton Council to take ambitious and urgent action to tackle the climate crisis. Please sign our petition in support of a fossil-free future, safeguarding the planet for current and future generations.

*Evidence for this statement is available here (Section: Energy).

Petition by
merton  Friends of the Earth
Morden, United Kingdom

To: Merton Council
From: [Your Name]

Dear Merton Council,

We ask that you take ambitious and urgent action to fully divest from fossil fuels as soon as possible, and no later than 2030.

Merton Council contributes to the Merton Pension Fund - currently the Fund invests £14,581,431 in fossil fuels, of which £9,270,093 is in oil and gas and £5,311,338 is in coal*.

We are in a climate emergency and must act now to prevent catastrophic damage to the planet and people everywhere. We cannot continue to invest in fossil fuels, but instead should fund clean, green, renewable energy.

Merton Council has committed to net-zero carbon emissions from its own operations by 2030, yet its Climate Strategy and Action Plan​ mentions nothing about the fossil fuel emissions it is funding via its pension fund contributions. The Council must consider the total carbon emissions for which it is responsible, both directly and indirectly, to truly reach net zero by 2030. ​While we acknowledge the Merton Pension Fund is taking steps to decarbonise its portfolio​, as per the 2019/20 annual report (page 4), significantly more must be done, and urgently, for the Council to stop propping up the fossil fuel industry via its investments.

As the world comes together for COP26, we ask Merton Council to do more to tackle the climate crisis.

Thank you for your consideration and we look forward to your response.

Merton Friends of the Earth and our various co-signers

*Evidence for this statement is available here: https://climate.friendsoftheearth.uk/near-you/merton (Section: Energy)