Fossil fuels demonstration to take place in Brighton

This new campaign group, East Sussex Divests, is aiming for 5,000 signatures on their online petition to trigger a debate at East Sussex County Council over their Pension Fund investments, asking East Sussex Pension fund to stop funding the climate crisis and divest from fossil fuels.

Currently, the East Sussex Pension Fund, which holds pensions for all local council employees throughout East Sussex has an estimated £172 million invested in Fossil Fuel companies.

This campaign to move money out of Fossil Fuels investments, known as divestment, is part of an international divestment movement coordinated by 350.org which has already secured over $3.4 trillion moved out of fossil fuels companies.

A local campaign spokesperson said: “Pensions pots hold so much money in the UK, to move this money out of fossil fuels and into renewable energy would be a massive step forward in fighting the climate crisis. The prices of oil and coal are already falling as people are starting to realise that we can’t keep consuming them, if we don’t move the money they could become stranded assets and worthless, leaving people without pension.”

East Sussex Divests has already had some campaign wins, with Brighton and Hove City Council, Lewes Town and Hastings Borough Council all passing motions in favour of divestment.

To find out more about the event and join in at: http://act.350.org/event/gdd2017/13683/

Sign the petition here: https://campaigns.gofossilfree.org/petitions/divest-east-sussex-pension-fund-from-fossil-fuels