Issue - decisions

Pension fund divestment from fossil fuel industries

17/06/2020 - Pension fund divestment from fossil fuel industries

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.