— Transition Hastings (@TTHastingsUK) September 23, 2017
Campaigners wanting the East Sussex Pension Fund to stop investing in fossil fuels will be visiting Crowborough tomorrow.
They are calling for East Sussex County Council to stop investing local people’s pension monies in fossil fuels and will be arriving in Crowborough High Street at around 4.30pm on Saturday 23rd September.
Campaigners will be taking one of the Brighton & Hove’s Big Lemon’s sustainable buses for a one-day tour of the County this Saturday with the message: ‘Don’t Miss the Bus on Climate Change: Make Pensions Fossil Free’.
Julia Hilton from Divest East Sussex said:
We’ve already seen global warming of over 1 degree centigrade, and the resulting climate change is now leading to increasingly severe impacts: from rapidly melting sea-ice at the poles to 50 degree heatwaves in India and the UK experiencing increasingly severe flooding. East Sussex County Council currently has £150m of local people’s pension monies invested in fossil fuels. These investments are a disaster for the climate as well as a financial risk for local people’s pensions. We urge people to sign our ‘Divest East Sussex’ petition and help send a strong message to the County Council that it’s time to stop funding the problem and start funding the solutions, like renewable energy and energy efficiency.
The East Sussex Pension Fund provides retirement benefits for County Council employees (teachers have their own pension arrangements), but other councils, academy schools and public authorities can join the scheme – for example staff working for Crowborough Town Council, Beacon Academy, Sir Henry Fermor Academy, Jarvis Brook Academy and Wealden District Council are members.
Three members of the Fund – Hastings Borough Council, Lewes Town Council and Brighton and Hove City Council – have already passed motions calling on the Fund to divest from fossil fuels.
Earlier this month, the Pensions Committee, which is responsible for deciding the investment policy, received an e-petition signed by 111 people. The Chairman of the Pensions Committee is Councillor Richard Stogdon (Crowborough North and Jarvis Brook). Click to read a report from the Head of Pension on the Funds approach to ethical investments.