Divest Strathclyde is the campaign to get the Strathclyde Pension Fund to drop investments in fossil fuel companies and other big polluters, and re-invest the money in ethical and sustainable alternatives.
The companies that the fund invests in – including Shell, BP, Chevron, and Exxon Mobil – continue to operate in a way that is fundamentally incompatible with international agreements to limit global heating to under 2 degrees. It is widely agreed that the vast majority of fossil fuels must remain in the ground if we are to avoid catastrophic levels of warming but fossil fuel companies are continuing to seek out and exploit further reserves.
This also makes investment in these companies a major financial risk, given that their valuation is based on activities that cannot continue. Moving our money away from destructive companies and into climate solutions is one of the most important steps we can take, one that is already being pursued by hundreds of major institutions.
Who we are
Divest Strathclyde was founded by a group of pension fund members and local residents and is run entirely in a voluntary capacity. Campaigning has involved meeting councillors, gathering signatures for our open letter, staging protests, hosting awareness-raising events, getting press coverage, collaborating with other groups and campaigns, participating in marches, and much much more.
Our past successes include researching and making publicly available the funds continuing fossil fuel investments, getting national press coverage for our protests at City Chambers, getting a place on Glasgow City Council’s Climate Emergency Working Group and getting divestment from fossil fuels included in the recommendations of this group.
How you can get involved
Come to our meetings and get involved! Email us at diveststrathclyde@gmail.comfor details about the next meeting