The Church of England Pensions Board disinvests from Shell and remaining oil and gas holdings.
The Church of England Pensions Board is today announcing its intention to disinvest from Shell plc and other oil and gas companies which are failing to show sufficient ambition to decarbonise in line with the aims of the Paris Agreement.
PLSA conference report PENSIONS AND GROWTH
The June 2023 PLSA conference report PENSIONS AND GROWTH lists the major benefits for the UK economy from our pension funds investing in the UK rather than abroad, “as large and long-term investors, pension funds also invest in infrastructure projects, such as renewable energy, transportation, and affordable/social housing. Investments that create UK jobs, support economic development, and help to address long-term societal challenges, such as climate change and housing affordability.”
East Yorkshire backs fossil fuel divestment
Councillors in East Yorkshire voted unanimously this afternoon for a review of pension fund investments away from fossil fuels
Divest Derbyshire analysis of the DPF (June 2023)
Campaign coalition Divest Derbyshire has produced an in-depth briefing document analysing the £5.9 billion fund, which is managed by Derbyshire County Council, and has millions of pounds invested in companies with unethical products and/or practices.
Shell is still trading Russian gas.
The BBC report that Shell is still trading Russian gas more than a year after pledging to withdraw from the Russian energy market….. In March 2022, in the weeks following the invasion of Ukraine, Shell apologised for buying a cargo of Russian oil, and said it intended to withdraw from Russian oil and gas.
CA100+ Climate Action 100+ – Questions over lack of action
Members of the largest investor CA100+ coalition focused on convincing the corporate world to act on climate change, rarely flex their muscles to pressure the worst polluters.
ACTION AID REPORT (September 2023) How the Finance Flows:
The report looks at the banks fuelling the climate crisis, Action Aid tracked financial flows from banks to fossil fuels and industrial agriculture in the 134 countries of the Global South. Despite global banks’ public declarations that they are addressing climate change, the scale of their continued fossil fuel and industrial agriculture financing is staggering.
