Decision details

Pension fund divestment from fossil fuel industries

Decision Maker: Lewes District Council Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


That, in light of the coronavirus crisis, the Leader of the Council, on behalf of Cabinet writes to the Pensions Committee of East Sussex County Council asking it to:


(1) Immediately freeze any new investment in the top 200 publicly traded fossil fuel companies;


(2) Ask all fossil fuel companies in which the pension fund holds investments for a firm commitment to entirely decarbonise by 2030;


(3) Commit itself, over the course of the next 4 years, to divest the East Sussex Pension Fund from any investments in companies that do not provide that commitment by March 2021.

Publication date: 17/06/2020

Date of decision: 11/06/2020

Decided at meeting: 11/06/2020 - Lewes District Council Cabinet

Accompanying Documents: