New report on West Yorkshire Pension Fund & fossil fuel divestment

Fossil Free WYPF has recently issued a report to support councillors and WYPF committees currently reviewing their fossil fuel investments.

FOE fossil fuels infographics CASH_CS6On 20.10.15 Bradford Council voted to review the fossil fuel investments of the West Yorkshire Pension Fund, following a motion requesting the WYPF divest from fossil fuels. A joint review was requested to be carried out by the Corporate Overview and Scrutiny committee and Governance and Audit committee, to report back to full council in 6 months.

The Fossil Free WYPF report defines fossil fuel divestment, and summarises the main reasons for divestment: both environmental and financial. It addresses the concerns raised by the West Yorkshire Pension Fund about divestment, and provides examples of other local authority pension funds who have divested from fossil fuels.

Download report here

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