At the end of August, all five councils in Somerset were targeted by Extinction Rebellion over investments in fossil fuels by the councils’ pension fund.
Somerset is on the front line of climate change. Climate Change has caused, and is predicted to cause, a much greater risk of flooding and extreme weather. After the devastating floods of the Somerset Levels in 2013, Somerset County Council saw the terrible impact of climate change first hand. The Council recognises the potential impacts of climate change yet its pension fund invests over £120,000,000 in the very fossil fuel companies that are causing climate change!
Since 2015, Greens in Mendip have been leading the call for Somerset County Council to divest from fossil fuel.
Green Party district councillor for Frome Keyford, Shane Collins, who is leading the campaign for the SCC pension fund to divest, said: “Somerset County Council recognises that it must do whatever it can to tackle climate change and it has a responsibility to divest from an industry that jeopardises the future of our planet.”
“Instead of fossil fuel investment, SCC Pension Fund Committee should invest in solutions to climate change; investments that protect pensions and planet, joining The British Medical Association, Bristol City Council, and Oxford City Council – who have all recently agreed to make the commitment to no direct investment in the fossil fuel industry.”
Please sign our petition, and share widely.
Over one thousand people so far have signed the petition urging the council to heed the advice of financial experts and remove its investments from overvalued fossil fuel companies, but so far the council seems unwilling to acknowledge how it contributes to climate change with these unwise investments.