Divestment from fossil fuels

The West Yorkshire Pension Fund (WYPF) has added a section on climate change to its “Risk” chapter. This reflects the growing calls over the last three years from the financial sector and Non-Government Organisations (NGOs) that funds must assess and deal with the financial risks that climate change poses.

The new section 5.3 states:
“The fund recognises the risks and opportunities associated with climate change, and will seek to measure carbon exposure within the equity portfolio and reduce that exposure over time. The fund will continue to increase investment in low carbon technology and renewable energy in order to encourage and facilitate further progression toward a cleaner economy.”

Thank you for those of you who wrote to the WYPF and supported our Memorials to the Methodist Conference advocating this vital change as part of our campaign to reduce the global warming threatening the integrity of God’s creation.

John A, Baildon

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