Published: 12 Nov 2021
Did you know half of all the money in the world (about £32 trillion) comes from the global pensions industry?
Sadly, too much of this money is being invested in fossil fuels.
For instance, in Wales, latest figures show that the 8 Welsh Local Authority Pension Funds still have around £500 million invested in fossil fuel companies.
That means the money you are paying into your own pension could be fuelling the climate emergency.
Also, your bank could also be propping up the fossil fuel industry. Read more
What are we calling for?
We want all public bodies in Wales and the Wales Pension Partnership (WPP) to make a public commitment to divest/disinvest their pension funds from fossil fuel companies and set themselves a timeframe in which to make this happen.
Also, we want Wales to follow the lead of New Zealand by measuring progress in terms of wellbeing rather than Gross Domestic Product (GDP). We're calling on the Welsh Government to develop a Welsh Living Standards Framework. Read more