Skip to main content

Parliamentary Contributory Pension Fund investment in the fossil fuel industry

EDM (Early Day Motion) 654: tabled on 15 November 2021

Tabled in the 2021-22 session.

This motion has been signed by 26 Members. It has not yet had any amendments submitted.

Motion text

That this House notes that the UK hosted COP26, the United Nations Climate Change Conference; further notes that in May 2019 this House declared a climate emergency; notes that approximately £700 million is invested in the UK and global economy through the Parliamentary Contributory Pension Fund; notes that while the Pension Fund has increased its investments in renewable energy, it still invests funds in the fossil fuel industry; notes the International Energy Agency has stated there can be no more new investments in fossil fuel supply beyond that already committed as of 2021 to keep below 1.5°C; notes that all fossil fuel companies are investing in new fossil fuel supply beyond 2021 and that no fossil fuel company net zero pledge is in line with the 1.5°C commitment; believes that to avert climate catastrophe, temperatures must not exceed the 1.5°C target mandated by the 2015 Paris Agreement; believes that Parliament and MPs have a responsibility to show leadership on the climate emergency; and therefore calls on the trustees of the Parliamentary Contributory Pension Fund to stop funding the fossil fuel industry and to invest in climate solutions instead.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this motion.