Remember Me     Forgot Login?   Sign up  

Share this article

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".

Pensions Minister puts Enfield Council to shame as divestment stalling continues

divest enfield logo

Reacting to the news that the UK Government's Pensions Minister will make an unprecedented intervention and call on pension funds to divest from fossil fuels, Divest Enfield are contrasting this response with Enfield Council's continued stalling on whether they will divest from fossil fuels.

The Pensions Minister, Guy Opperman, will today tell the Association of British Insurers that pensions must do more on climate change, including divesting from fossil fuels. This is a major change from the Government's previous position, which was to avoid commenting on the investment decisions or strategies of pension schemes.

Adam McGibbon, Divest Enfield spokesperson, said: "This announcement shows that Enfield Council are on the wrong side of history on this issue, having now been outflanked by the Government. While they stall any progress on moving forward with a planned review of their pension fund's investment principles, the UK Government is taking action. Opposition is growing to fossil fuel investments all the time - Enfield Council need to move faster."

Divest Enfield have been engaging with Enfield Council since October 2018, but no substantive progress has been made on divesting from fossil fuels, despite Enfield Council claiming that a review of the Council's investment principles are underway. 


Opperman: Pension schemes must 'do the right thing' on tackling climate change (BusinessGreen 3 June 2019)

Pension schemes must do the right thing on climate crisis, says minister (Guardian 3 June 2019)

Log in to comment

See also...

  • 10 November 2019

What councils can do to reduce carbon emissions from transport

Nearly two thirds of London councils have declared a climate emergency. While it is relatively straightforward to declare an emergency, it is far more challenging to commit to specific interventions that will deliver big cuts in carbon emissions. The London Living Streets group has identified a range of key policies that local authorities can adopt right now to reduce carbon emissions. All have either been adopted by another major global city, by local authorities in London or elsewhere in the UK. Read more

  • 30 October 2019

We're facing a climate emergency. Join us to kickstart Climate Action Enfield

We're facing a climate emergency. The biggest threat to our very existence and to much of the natural world we've ever seen. And yet our leaders are letting us down. The solutions to the climate crisis are out there, and they're achievable. So join us to kickstart Climate Action Enfield and connect with others who want to make these solutions a reality. Read more

  • 19 October 2019

Green Open Homes 2019

Properties include Edwardian villas, a 1920s former London County Council property, a timber-framed 1980s house and the cob and straw eco building at the Meadow Orchard community garden. Features include underfloor heating systems, an air source heat pump, rainwater harvesting, a green roof and much more. Read more

  • 08 October 2019

Preserving the Pinkham Way woodlands - a new appeal

The long drawn out process of finalising the North London Waste Plan is continuing. The next important stage - the examination in public by the planning inspector - is scheduled for November. Its outcome has the potential to determine whether or not a waste processing plant is built on an important nature conservation site - the woodlands adjacent to the Pinkham Way section of the North Circular Road. Read more