Tell Cumbria Pension Fund that Time is Up for Investing in Fossil Fuels

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Tell Cumbria Pension Fund that Time is Up for Investing in Fossil Fuels

Westmorland and Furness Council

Marcus Spiske, open-source

Cumbria Pension Fund is run by Westmorland and Furness Council, which claims it is ‘at the forefront of tackling climate change’. But the fund is holding assets in the fossil fuel sector worth over 60 million pounds.

Time is up for investing in fossil fuels. On the one hand, investing in fossil fuels is supporting run-away climate change with disastrous consequences for humanity and biodiversity. On the other hand, it is financially risky to invest in fossil fuel companies as they are expected to decline in the long term and could suddenly lose value at any point.

This huge chunk of money should instead be invested in sectors that support a safe future, such as renewable energy and low carbon infrastructure. Five UK local authorities have now committed to phase out fossil fuels completely from their pension funds. Cumbria needs to catch up!

Sign this petition to ask Cumbria Pension Fund to start phasing out fossil fuel investments now, and to complete the phase out within 2 years. Your signature counts- help us reach 1000 signatures to trigger a full Westmorland and Furness Council debate.

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Cumbria Divest

To: Westmorland and Furness Council
From: [Your Name]

Your website claims that 'Westmorland and Furness Council will be at the forefront of tackling climate change and the challenges it presents'. However, Cumbria Pension Fund is holding assets in the fossil fuel sector worth over 60 million pounds.

Time is up for investing in fossil fuels. On the one hand, investing in fossil fuels is supporting run-away climate change with disastrous consequences for humanity and biodiversity. On the other hand, it is financially risky to invest in fossil fuel companies as they are expected to decline in the long term and could suddenly lose value at any point.

This substantial amount of money should instead be invested in sectors that support a safe future, such as renewable energy and low carbon infrastructure. Five UK local authorities have now committed to phase out fossil fuels completely from their pension funds. Cumbria needs to catch up!

We are petitioning you to instruct the Cumbria Pension Fund committee to start phasing out fossil fuel investments now, and to complete the phase out within 2 years.