ESCC urged to accelerate fossil fuel divestment7 Dec 2021 10:58
The campaigners pointed out that whilst the ESCC declared a climate emergency two years ago, it is yet to divest the East Sussex Pension Fund from fossil fuels, estimating that there are “tens of millions of pounds” of local pensions invested in oil and gas companies, such as Shell and BP.
A Divest East Sussex spokesperson commented: “By clinging on to its investments in fossil fuel companies like Shell and BP, East Sussex County Council is effectively providing a fig-leaf for these companies’ ongoing attempts to block effective climate action.
"With the window of opportunity to limit global warming to 1.5ºC rapidly closing, this refusal to stop investing in fossil fuels is nothing less than criminal.
https://www.pensionsage.com/pa/East-Sussex-County-Council-facing-protests-over-pension-scheme-fossil-fuel-investments.php