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Divestment zoom meeting

July 1 @ 7:00 pm - 8:00 pm

The Divest Derbyshire campaign (of which Transition Chesterfield is a member) and the Derbyshire Pensioners Action Group are holding a joint zoom meeting on divestment, login details below.

The Fund currently has over £200 million out of around £4.9 billion invested in fossil fuel companies including Exxon Mobil, BP and Shell, despite concerns about their growing climate risk. These investments are also in direct conflict with the fact that most Derbyshire councils now acknowledge the catastrophic consequences of climate change.

Both the Derbyshire Pensioners Action Group and the Divest Derbyshire campaign are concerned that the Fund’s investments in fossil fuel companies are not only driving climate change, but are a bad investment and contrary to the legal duty that the Pension Fund has to provide the best possible rate of return.

Both groups are also concerned about the failure of the Fund to engage properly with Pension Fund members. There are no AGMs or opportunities for Pension Fund members to engage with the Fund Committee. While most pension members are probably unaware of how their pensions are being invested, it is likely that many of them would not want their hard-earned money to be invested in climate-wrecking companies.

To discuss these issues and how to take the campaign forward we are holding a zoom meeting on divestment on Wed 1 July at 7pm, login details below. Please join us. Thank you!

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https://us02web.zoom.us/j/83743771216

Meeting ID: 837 4377 1216
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Meeting ID: 837 4377 1216
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Details

Date:
July 1
Time:
7:00 pm - 8:00 pm

Venue

virtual zoom event
United Kingdom