NOTICE OF MOTION
GREEN GROUP
FOSSIL FUEL NON-PROLIFERATION TREATY
This council notes: · Cities across the world have shown their commitment to tackling the climate crisis by endorsing the call for a Fossil Fuel Non-Proliferation Treaty · BHCC’s pensions are held by the East Sussex Pension Fund, which still invests in fossil fuels
This council resolves: (1) That the Chief Executive write to the East Sussex Pensions Committee expressing our request for a two-year timeline to divest from fossil fuels; highlighting that continuing to invest in stranded assets risks a failure of their fiduciary duty to pension scheme members, (2) That P&R Committee commissions a report: · outlining options for removing BHCC pensions from the East Sussex scheme, and reinvesting them elsewhere; should ESPF fail to act swiftly to protect pensioners’ investments · detailing how council can continue to support the development of renewable technologies to phase out fossil fuels, (3) To endorse the call for Fossil Fuel Non-Proliferation Treaty to: · End new expansion of fossil fuel production · Phase out existing fossil fuel production · Invest in a transformational plan to ensure 100% access to renewable energy globally. |
Proposed by: Cllr Clare Seconded by: Cllr Littman
Supporting
Information
1. https://fossilfueltreaty.org/
2. The COP26 conference in Glasgow this November will bring together delegates to discuss global responses to the climate crisis