The West Yorkshire Local Government Pension Fund (WYPF) is fuelling the climate crisis by investing over £900 million in fossil fuel companies.
All Hallows’ Church has committed to ending its own investment in fossil fuel companies and is calling on the WYPF to do the same.
You can add your voice to the Fossil Free West Yorkshire campaign by asking your councillors to support it. Find your councillors’ contact details using https://www.writetothem.com/ – then simply use the sample text below to send them an email. Personalise your message by starting with a few lines about why climate action is important to you.
Template email to councillors about fossil fuel divestment
Dear Cllr ………………
As a constituent, I want to express my concern about our council’s investments. Leeds councils, through the West Yorkshire Pension Fund, is investing over £900 million in fossil fuel and fracking companies. These investments are driving climate change and air pollution and putting our future in danger.
My church has committed to ending all investment in fossil fuels and are congregation are very anxious for the West Yorkshire Pension Fund to do likewise. We made a short 4 minute film about why ending fossil fuel investment is important to us; you can watch it at https://bit.ly/divestAH.
As my councillor, I’m asking you to support efforts to stop the West Yorkshire Pension Fund investing in fossil fuel companies. You can do this by signing the Fossil Free West Yorkshire Pledge at https://fossilfreewypf.wordpress.com/take-action/fossil-free-pledge-forpolitician-and-political-candidates/.
To prevent catastrophic climate change, fossil fuel companies would have to keep over 80% of proven gas, oil and coal reserves in the ground. Despite this, they continue to explore for even more fossil fuel reserves. Climate change aside, ending fossil fuel investment is important to protect our pensions from financial losses. Fossil fuel investments will soon drop in value as the low carbon transition gathers pace. They are already dragging down investment returns so it makes no sense to remain invested in this risky industry. There are better alternatives available. This briefing document for councillors discusses the case for fossil fuel divestment in more detail.
I really hope you can support much needed climate action by signing the pledge linked above. I look forward to hearing from you.