We need to keep fossil fuels in the ground to avert a climate crisis. If it’s wrong to wreck the climate, it’s wrong to profit from that wreckage.
Divest West Midlands is part of the growing international divestment mission coordinated by Fossil Free calling for organisations, institutions and individuals to demonstrate moral leadership and end their break their ties with the fossil fuel industry.
What are we asking for?
We are asking the West Midlands Pension Fund (WMPF) to divest their holdings in the fossil fuel industry and reinvest this money into clean energy, local infrastructure, or fossil free investments.
Why is it important?
To stop catastrophic climate change we have to keep fossil fuels in the ground and transition quickly towards a clean renewable economy.
As well as ethical and security grounds for divestment, there are strong financial grounds for taking action, given the increasing risks posed by holding high-carbon investments.
Therefore, it is irresponsible to be invested in fossil fuel companies.
Will it really make a difference?
The aim of the divestment campaign is to weaken the political influence of the fossil fuel industry, which keeps holding back action on climate change. The fossil fuel divestment movement is the fastest growing divestment movement the world has ever seen, with more and more organisations committing to divest every day. With your help, WMPF could be the next!
For move information on how to help, like our Facebook page and sign up to our mailing list.
Why should WMPF divest from fossil fuels?
WMPF is the pension fund for councillors and local government workers, covering the seven local authorities in the West Midlands region. We believe the since the council has a duty of care for the residents of the West Midlands, it should lead the way in switching its investment portfolio to companies which are not contributing to the climate crisis. WMPF claims to be a responsible investor by trying to persuade the companies in which it invests to meet the Paris Agreement to limit global heating. However in our 2018 report, The Fossil Fuel Five we show that despite claiming otherwise, the majors are not taking the climate crisis seriously: not investing meaningfully in clean energy; lobbying against change; planning for increases in production. Talking to the companies is not working. It is time to divest and put the money to work funding the transition to a renewable economy.
I am a member of the public, how can I get involved?
There are many ways you can get involved in the campaign, whether you have very little time, or want to get more committed: