Remember Me     Forgot Login?   Sign up  

Share this article

divest enfield croppedMembers of environmental campaign group Divest Enfield are celebrating the fact that all three Enfield MPs have now thrown their weight behind fossil fuel divestment campaigns. Divest Enfield is calling on Enfield Council to follow the parliamentarians' example and stop investing in fossil fuel companies.

In response to appeals from constituents, Edmonton MP Kate Osamor and Enfield North member Joan Ryan last week both signed the Divest Parliament campaign pledge. They join Southgate MP Bambos Charalambous, who had already signed, and a further 180 MPs from across the political spectrum.

"Enfield Council, please follow Joan, Bambos and Kate’s lead"

Georgina Bavetta, Divest Enfield spokesperson, says that by engaging with their own pension fund, MPs have the opportunity to show crucial leadership on climate change, responsible investment and the transition to a sustainable economy:

“We are really happy that all of Enfield’s MPs now accept the rationale behind divesting from fossil fuels. They have demonstrated with their leadership that fossil fuel companies are increasingly financially risky and morally dubious. After last summer’s heatwaves, it’s clear that we need to act now to stop climate change and a necessary step is to divest from the fossil fuel companies that have created this crisis.

"Now that Enfield’s MPs have accepted the principle of fossil fuel divestment, we urge their colleagues on Enfield Council to follow, and heed our call to divest the £60 million they have invested in fossil fuel companies via the Council pension fund. The time to act is now – Enfield Council, please follow Joan, Bambos and Kate’s lead.”

Why divest?

The fossil fuel divestment movement believes that fossil fuel companies are using their money, power and influence to block every serious attempt to stop climate change. The act of divestment aims to toxify their reputation and build political support for climate action. Institutions worth a combined $6.24 trillion US dollars have already committed to divest. Prominent divestment supporters include Archbishop Desmond Tutu, Pope Francis, and the Mayor of London, Sadiq Khan.

Campaigners say that fossil fuel investments are not just unethical - they are also increasingly risky because action on climate change could render them worthless – creating ‘stranded assets’ that cannot be burned safely. These warnings have come  from serious financial commentators including the Governor of the Bank of England, Mark Carney..


Divest Parliament (Details of the pledge plus a list of all MP signatories)

Divest Enfield on Facebook

Divest Enfield petition

Log in to comment

See also...

  • 14 July 2019

Recycling plastic bags at Morrisons and Sainsburys

Readers will be aware that Enfield Council no longer allows plastic bags in its recycling wheelie bins (with blue lids), but may not know that many kinds of plastic bags, including carrier bags, can be recycled at Morrisons in Palmers Green and Sainsburys in Green Lanes, Winchmore Hill. Read more

  • 09 July 2019

Enfield Council to declare a climate emergency

Enfield Council is to join a growing list of local authorities across the UK which have made formal declarations of a Climate Emergency.  The declaration, set to be endorsed by the full council on 10th July, commits the council to becoming carbon-neutral by 2030, to stop investing in fossil fuel companies, and to maximise use of environmentally friendly products. Read more

  • 19 June 2019

Rising to the challenge of the climate emergency

The Enfield branch of the climate emergency direct action campaign Extinction Rebellion is launching a public awareness campaign throughout the borough and challenging Enfield Council to follow the lead of other local authorities and declare a Climate Emergency. There will be a public meeting on 29th June and a demonstration outside the Council meeting on 10th July, plus street stalls providing information in Palmers Green, Enfield and Edmonton. Read more

  • 03 June 2019

Government fossil fuels divestment policy leaves Enfield lagging behind

Local fossil fuels campaigners say that an announcement made by the pensions minister today is an indication that Enfield Council is failing to keep up with the national trend which sees investors moving funds away from fuels that are contributing to the climate crisis. In a press release issued on Monday Divest Enfield say that the government announcement 'puts Enfield on the wrong side of history'. Read more

  • 16 May 2019

'London's warming - and we're not ready'

London schools, hospitals, tube stations are all at serious risk as global temperatures continue to rise - reveals a startling new report from Caroline Russell AM. It calls for dramatic Mayoral action to protect Londoners. Read more