Surrey Pension Fund continues to invest in companies that are driving ecological collapse, mass extinction, and climate breakdown. The Fund still holds c. £70m in dirty fossil fuels, which risk becoming ‘stranded assets’, as the former Bank of England Governor Mark Carney warned.
“It is ever more clear that the fossil fuel era is ending, signalled by the rapid growth in renewable energy supply, the mass production of electric vehicles and governments at last recognising the imperative to act.”
Surrey County Council’s refusal to divest the pension fund from fossil fuels has resulted in losses of £130 mllion in the three and a half years since May 2017.
To join the campaign calling on Surrey Pension Fund to divest from fossil fuels please visit Surrey Pension Act Now