Divest Herts is a coalition of groups and concerned individuals from Hertfordshire who want Hertfordshire County Council to lead the way in tackling climate change a the local level. We’re supported by Transition groups, Global Justice Now, Friends of the Earth and Green Party groups across Hertfordshire – Join in now and get onto our mailing list click here to join in
We are asking Hertfordshire County Council to divest from fossil fuel investments! Please sign our petition click here to see
Immediately freeze any new investments in fossil fuels
Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years
Pension Fund Investment in Fossil Fuels
Hertfordshire County Council Pension Fund has £129,078,000 invested in Fossil Fuel industries, including BG Group PLC, Royal Dutch Shell PLC and Rio Tinto PLC.
Fossil fuel industries make up 3.71% of the pension fund.
Herts County Council has carbon emission reduction targets while continuing to invest in fossil fuel companies, which increase emissions across the UK and globally.
We need national and local investment in renewable energy companies and infrastructure and we need major institutions including local government to divest from fossil fuels
And it is a public benefit argument. £14 billion could build over 200,000homes or generate more electricity than Scotlanduses. By investing this capital into renewable energy,public transport and social housing, local government could create jobs and boost local economies, while protecting pensions.
Are you affected by Herts Pension Fund?
- The pension fund affects over 180 employers in Hertfordshire including:
- Hertfordshire County Council (including schools),
- North Herts District Council,
- Dacorum Borough Council,
- East Hertfordshire District Council,
- Hertsmere Borough Council
- Broxbourne Borough Council,
- St Albans District Council,
- Stevenage Borough Council,
- Three Rivers District Council,
- Watford Borough Council
- and a range of community and voluntary groups…
Who is involved in Divest Herts group?
Divest Herts is supported by groups from Transition, Global Justice Now, Friends of the Earth, Green Party groups, and other climate action groups in Watford, St Albans, Rickmansworth and Bishops Stortford. If you belong to a group in Hertfordshire that wants to join our campaign please get in touch click here for email.