Important note: This web page will normally enable you to send a personalised message to the chair of the Oxfordshire County Council Pension Fund Committee asking the chair to divest the pension fund from fossil fuel companies. The current chair has resigned and the new chair will not be appointed till after the local elections on 4th May 2017. Fossil Free Oxfordshire will publish a revised page here once the identify of the new chair is made public. For now, please do not use this tool to contact the pension fund.
If you have any questions regarding the Fossil Free Oxfordshire Campaign please email email@example.com. Many thanks for your support.
Oxfordshire Pension Fund (LGPS) has over £30 million invested in fossil fuels.
Investing in the fossil fuel industry is dangerous for the environment
We know that to maintain a stable climate, we have to rapidly cut back on the fossil fuels we burn. Known fossil fuel reserves contain several times more coal, oil and gas than can safely be burned, but fossil fuel companies continue to invest huge sums exploring for more. It is time to move our money from the problem to the solution and invest in a clean energy future.
Investing in fossil fuels is financially risky
Remember the sub-prime mortgage crisis in the US that triggered the financial crash of 2008? Many establishment figures are warning us that fossil fuels could become the sub-prime assets of the future: The Governor of the Bank of England has warned that the vast majority of reserves are unburnable and has launched a major enquiry into this risk. Similarly, the President and the former Chief Economist of the World Bank, and the UN’s top climate change official have issued warnings of stranded assets. HSBC recently advised its clients against investing in fossil fuel companies on the grounds that they will become "economically unviable."
Divestment removes exposure to these financial risks and sends a strong message to politicians and the industry that we urgently need to change how energy is generated and used
All over the world people are waking up to the danger of fossil fuels and have urged their institutions to “divest” (move their money away) from these dangerous and financially risky fuels. A growing number of workplaces, universities, places of worship and local governments have joined the UN-backed divestment campaign, including Oxford City Council, Glasgow University, the British Medical Association, the Rockefeller Foundation, the World Council of Churches, the Quaker movement and the cities of Oslo, Seattle and San Francisco.
You can take action
As a member of Oxfordshire Local Government Pension Fund, you can protect your pension from these stranded assets and add your voice to the call for a move to a more sustainable energy system by emailing the Chair of the Pension Fund Committee and asking him to divest the pension fund from fossil fuels.
Please write to Councillor Lilly only if you are an Oxfordshire LGPS member.