Dear ……………………………..
I am a constituent in the ………………………… ward,
I recently discovered that the local pension fund for …………………….. has investments in fossil fuel companies. I was shocked to hear that the money entrusted to to the West Midlands Pension Fund is supporting the fossil fuel industry which is a major driver of catastrophic climate change.
I am writing to ask you to raise a motion calling for these investments to end and to use any influence you have to ensure that this happens.
As well as financing these high emission industries the investments expose the pension fund to unnecessary risk. Much of the fossil fuel reserves which these companies rely on when judging their share value are ‘unburnable’ if we are to significantly curb greenhouse gas emissions. This means that may well become trapped by climate change policy interventions and competition from renewable energy generation.
Given the poor performance of these investments, the risk posed by possible stranded assets, and more importantly the opportunity to contribute to a cleaner energy future, it no longer makes moral or financial sense to invest in the fossil fuel industry. Instead the pension fund could be investing in local regeneration, local business, sustainable growth and renewable energy, providing multiple benefits to the region and profiting from future areas of growth.
I look forward to your response,
Sincerely,
