Review of Strathclyde Pension Fund’s proposed fossil fuel divestment policy, Sep 2021
Friends of the Earth Scotland, UNISON Scotland and Divest Strathclyde wrote to the Strathclyde Pension Fund Committee on 1st September encouraging the fund to bring forward strong proposals to divest from fossil fuels.
The SPF have now published their draft plan “Climate Change Strategy – Assessment of Energy Companies”. The proposed policy falls well short of our demands, the Paris climate goals, and those of the City Council, which requested action to divest from fossil fuels prior to COP26 on 1st April. In this document we review the plan in detail.