Has your MP pledged to

Divest Parliament?

More than 300 serving and former MPs have backed Divest Parliament, ask your MP to sign our cross party Pledge.

 

 

In October, more than 300 current MPs and 30 former MPs from across the political spectrum have come together to make a clear statement: it is unacceptable for our political leaders to be investing in fossil fuels at a time of climate breakdown.

Ask your candidate MPs to sign the Divest Parliament pledge today.

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200 MPs from across the political spectrum have now pledged to Divest Parliament! We’ve got a plan to win the campaign to Divest Parliament in 2019 -- but we need everyone to get involved.

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Pledged MPs

Hundreds of former and current MPs from across the political spectrum have signed the Divest Parliament pledge. View the pledge and get your MP on board >>

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To the Trustees of the Parliamentary Pension Fund,

Unmitigated climate change threatens to undermine our economy, shared environment and global security. Under the UK’s Climate Change Act and the Paris Agreement, the UK is committed to limiting warming to well below 2C and to aim for no more than 1.5C. This requires leaving the vast majority of fossil fuel reserves unburnt, creating the real possibility of fossil fuel assets becoming stranded – with profound implications for the global economy.

We believe Members of Parliament have a responsibility to act on climate change, and a unique opportunity to show leadership on climate action, responsible investment and the management of climate risk through addressing the practices of our own pension fund.

As MPs past and present, and members of the Parliamentary Pension Fund, we call on the Trustees to uphold their fiduciary duty and take the financial risks of climate change seriously. We ask they quantify, disclose and review the fund’s investments in carbon-intensive industries, engage in a dialogue with fund members and managers on responsible investment, and commit to phasing out fossil fuel investments over an appropriate time-scale.

Alex Chalk, Conservative Party Andrew Selous, Conservative Party
Bim Afolami, Conservative Party Bob Neill, Conservative Party
David Warburton, Conservative Party Derek Thomas, Conservative Party
Dr Dan Poulter, Conservative Party Fiona Bruce, Conservative Party
Giles Watling, Conservative Party Gillian Keegan, Conservative Party
James Heappey, Conservative Party Jason McCartney, Conservative Party
Maria Caulfield, Conservative Party Nadine Dorries, Conservative Party
Neil O’Brien, Conservative Party Neil Parish, Conservative Party
Nigel Evans, Conservative Party Rachel Maclean, Conservative Party
Rebecca Pow, Conservative Party Robert Courts, Conservative Party
Scott Mann, Conservative Party Sir Bernard Jenkin, Conservative Party
Sir David Amess, Conservative Party Sir Mike Penning, Conservative Party
Steve Double, Conservative Party Stuart Andrew, Conservative Party
Tracy Crouch, Conservative Party Trudy Harrison, Conservative Party
Jim Shannon, Democratic Unionist Party Paul Girvan, Democratic Unionist Party
Sir Jeffrey Donaldson, Democratic Unionist Party Caroline Lucas, Green Party
Alan Campbell, Labour Party Alex Cunningham, Labour Party
Alex Norris, Labour Party Alex Sobel, Labour Party
Alison McGovern, Labour Party Andrew Gwynne, Labour Party
Andrew Slaughter, Labour Party Andy McDonald, Labour Party
Angela Rayner, Labour Party Anna McMorrin, Labour Party
Anneliese Dodds, Labour Party Bambos Charalambous, Labour Party
Barbara Keeley, Labour Party Barry Gardiner, Labour Party
Benjamin Bradshaw, Labour Party Bill Esterson, Labour Party
Carolyn Harris, Labour Party Cat Smith, Labour Party
Catherine McKinnell, Labour Party Catherine West, Labour Party
Chi Onwurah, Labour Party Chris Bryant, Labour Party
Chris Elmore, Labour Party Chris Matheson, Labour Party
Clive Efford, Labour Party Clive Lewis, Labour Party
Colleen Fletcher, Labour Party Dame Margaret Hodge, Labour Party
Dan Carden, Labour Party Dan Jarvis, Labour Party
Daniel Zeichner, Labour Party Darren Jones, Labour Party
David Lammy, Labour Party Dawn Butler, Labour Party
Debbie Abrahams, Labour Party Diana Johnson, Labour Party
Dianne Abbott, Labour Party Dr Alan Whitehead, Labour Party
Dr Rosena Allin-Khan, Labour Party Edward Miliband, Labour Party
Ellie Reeves, Labour Party Emily Thornberry, Labour Party
Emma Hardy, Labour Party Emma Lewell-Buck, Labour Party
Fabian Hamilton, Labour Party Feryal Clark, Labour Party
Fleur Anderson, Labour Party Gill Furniss, Labour Party
Harriet Harman, Labour Party Helen Hayes, Labour Party
Hiliary Benn, Labour Party Holly Lynch, Labour Party
Hugh Gaffney, Labour Party Ian Mearns, Labour Party
Ian Murray, Labour Party Imran Hussain, Labour Party
Jack Dromey, Labour Party Janet Daby, Labour Party
Jeff Smith, Labour Party Jeremy Corbyn, Labour Party
Jessica Morden, Labour Party Jo Stevens, Labour Party
John Cryer, Labour Party John McDonnell, Labour Party
Jon Ashworth, Labour Party Jon Cruddas, Labour Party
Jon Trickett, Labour Party Jonathan Reynolds, Labour Party
Judith Cummins, Labour Party Julie Elliot, Labour Party
Justin Madders, Labour Party Karen Buck, Labour Party
Karin Smyth, Labour Party Karl Turner, Labour Party
Kate Green, Labour Party Kate Osamor, Labour Party
Keir Starmer, Labour Party Kerry McCarthy, Labour Party
Kevin Brennan, Labour Party Liam Byrne, Labour Party
Lilian Greenwood, Labour Party Lisa Nandy, Labour Party
Liz Kendall, Labour Party Liz Twist, Labour Party
Lloyd Russell-Moyle, Labour Party Louise Haigh, Labour Party
Luke Pollard, Labour Party Lyn Brown, Labour Party
Margaret Beckett, Labour Party Margaret Greenwood, Labour Party
Marie Rimmer, Labour Party Mark Tami, Labour Party
Marsha de Cordova, Labour Party Mary Foy, Labour Party
Mary Glindon, Labour Party Matt Rodda, Labour Party
Matthew Pennycook, Labour Party Matthew Western, Labour Party
Mike Amesbury, Labour Party Mike Hill, Labour Party
Mohammed Yasin, Labour Party Naz Shah, Labour Party
Neil Coyle, Labour Party Nia Griffith, Labour Party
Nicholas Brown, Labour Party Nick Thomas-Symonds, Labour Party
Paul Blomfield, Labour Party Peter Kyle, Labour Party
Preet Kaur Gill, Labour Party Rachael Maskell, Labour Party
Rachel Reeves, Labour Party Rebecca Long-Bailey, Labour Party
Richard Burden, Labour Party Richard Burgon, Labour Party
Rosie Cooper, Labour Party Rosie Duffield, Labour Party
Rupa Huq, Labour Party Rushanara Ali, Labour Party
Ruth Cadbury, Labour Party Ruth Jones, Labour Party
Sarah Jones, Labour Party Seema Malhotra, Labour Party
Shabana Mahmood, Labour Party Sharon Hodgson, Labour Party
Siobhain McDonagh, Labour Party Sir George Howarth, Labour Party
Stephen Kinnock, Labour Party Stephen Morgan, Labour Party
Stephen Timms, Labour Party Steve McCabe, Labour Party
Tanmanjeet Singh Dhesi, Labour Party Thangam Debbonaire, Labour Party
Toby Perkins, Labour Party Tonia Antoniazzi, Labour Party
Tony Lloyd , Labour Party Tracy Brabin, Labour Party
Tulip Siddiq, Labour Party Valerie Vaz, Labour Party
Vicky Foxcroft, Labour Party Virendra Sharma, Labour Party
Wes Streeting, Labour Party Yasmin Qureshi, Labour Party
Yvette Cooper, Labour Party Yvonne Fovargue, Labour Party
Barry Sheerman, Labour/Co-operative Party Christina Rees, Labour/Co-operative Party
Gareth Thomas, Labour/Co-operative Party Lucy Powell, Labour/Co-operative Party
Meg Hillier, Labour/Co-operative Party Stella Creasy, Labour/Co-operative Party
Stephen Doughty, Labour/Co-operative Party Steve Reed, Labour/Co-operative Party
Christine Jardine, Liberal Democrats Jamie Stone, Liberal Democrats
Layla Moran, Liberal Democrats Munira Wilson, Liberal Democrats
Sarah Olney, Liberal Democrats Sir Ed Davey, Liberal Democrats
Tim Farron, Liberal Democrats Wendy Chamberlain, Liberal Democrats
Wera Hobhouse, Liberal Democrats Benjamin Lake, Plaid Cymru
Hywel Williams, Plaid Cymru Jonathan Edwards, Plaid Cymru
Liz Saville-Roberts, Plaid Cymru Calum Kerr, Scottish National Party
Alan Brown, Scottish National Party Alison Thewliss, Scottish National Party
Angela Crawley, Scottish National Party Angus MacNeil , Scottish National Party
Brendan O’Hara, Scottish National Party Carol Monaghan, Scottish National Party
Chris Law, Scottish National Party Chris Stephens, Scottish National Party
David Linden, Scottish National Party Deidre Brock, Scottish National Party
Douglas Chapman, Scottish National Party Dr Philippa Whitford, Scottish National Party
Drew Hendry, Scottish National Party Gavin Newlands, Scottish National Party
Hannah Bardell, Scottish National Party Ian Blackford, Scottish National Party
Joanna Cherry, Scottish National Party John McNally, Scottish National Party
Lisa Cameron, Scottish National Party Kirsten Oswald, Scottish National Party (SNP)
Marion Fellows, Scottish National Party Martin Docherty-Hughes, Scottish National Party
Martyn Day, Scottish National Party Mhairi Black, Scottish National Party
Neil Gray, Scottish National Party Patricia Gibson, Scottish National Party
Patrick Grady, Scottish National Party Peter Wishart, Scottish National Party
Ronnie Cowan, Scottish National Party Stewart Hosie, Scottish National Party
Stewart McDonald, Scottish National Party Stuart McDonald, Scottish National Party
Tommy Sheppard, Scottish National Party Kenny MacAskill, Scottish National Party (SNP)

Former MPs

Naomi Long, Alliance Joan Ryan, Change UK – The Independent Group
Mike Gapes, Change UK – The Independent Group Ben Howlett, Conservative Party
Caroline Ansell, Conservative Party John Gummer (Lord Deben), Conservative Party
Laura Sandys, Conservative Party Luke Graham, Conservative Party
Nick Hurd, Conservative Party Nicky Morgan, Conservative Party
Sarah Newton, Conservative Party Zac Goldsmith, Conservative Party
David Simpson, Democratic Unionist Party Emma Little-Pengelly, Democratic Unionist Party
Nigel Dodds, Democratic Unionist Party Gavin Robinson, Democratic Unionist Party
Angela Smith, Independent Antoinette Sandback, Independent
Frank Field, Independent Heidi Allen, Independent
Justine Greening, Independent Richard Benyon, Independent
Sarah Wollaston, Independent Sir Oliver Letwin, Independent
Jared O’Mara, Independent Kelvin Hopkins, Independent
Lady Hermon, Independent Clare Short, Independent Labour
Adrian Bailey, Labour Party Alan Simpson, Labour Party
Andrew Smith, Labour Party Andy Sawford, Labour Party
Ann Clwyd, Labour Party Ann Cryer, Labour Party
Chris Ruane, Labour Party Chris Williamson, Labour Party
Danielle Rowley, Labour Party David Drew, Labour Party
David Hanson, Labour Party Dr Paul Williams, Labour Party
Eleanor Smith, Labour Party Emma Dent Coad, Labour Party
Faisal Rashid, Labour Party Frank Judd, Labour Party
Gareth Snell, Labour Party Geoffrey Robinson, Labour Party
Gloria De Piero, Labour Party Gordon Marsden, Labour Party
Graham Jones , Labour Party Heidi Alexander, Labour Party
Helen Goodman, Labour Party Ian Lucas, Labour Party
Ivan Lewis, Labour Party James Firth, Labour Party
Jenny Chapman, Labour Party John Grogan, Labour Party
Julie Cooper, Labour Party Karen Lee, Labour Party
Keith Vaz, Labour Party Kerry Pollard, Labour Party
Laura Smith, Labour Party Lesley Laird, Labour Party
Lisa Forbes, Labour Party Liz McInnes, Labour Party
Lynne Jones, Labour Party Madeleine Moon, Labour Party
Mark Lazarowicz, Labour Party Martin Whitfield, Labour Party
Mary Creagh, Labour Party Melanie Onn, Labour Party
Michael Dugher, Labour Party Nic Dakin, Labour Party
Owen Smith, Labour Party Paul Farrelly, Labour Party
Paul Flynn, Labour Party Paula Sherriff, Labour Party
Robert Flello, Labour Party Roberta Blackman-Woods, Labour Party
Roger Godsiff, Labour Party Ronnie Campbell, Labour Party
Ruth George, Labour Party Ruth Smeeth, Labour Party
Sadiq Khan, Labour Party Sandy Martin, Labour Party
Sir David Crausby, Labour Party Stephen Pound, Labour Party
Stephen Twigg, Labour Party Sue Hayman, Labour Party
Susan Elan Jones, Labour Party Teresa Pearce, Labour Party
Thelma Walker, Labour Party Tom Levitt, Labour Party
Tom Watson, Labour Party Valerie Davey, Labour Party
Vernon Coaker, Labour Party Afzal Khan, Labour Party
Ged Killen, Labour/Co-operative Party Geraint Davies, Labour/Co-operative Party
Jo Platt, Labour/Co-operative Party Paul Sweeney, Labour/Co-operative Party
Chuka Umunna, Liberal Democrats David Steel , Liberal Democrats
Dr Julian Huppert, Liberal Democrats Dr Phillip Lee, Liberal Democrats
Greg Mulholland, Liberal Democrats Jane Dodds, Liberal Democrats
Jo Swinson, Liberal Democrats John Leech, Liberal Democrats
Luciana Berger, Liberal Democrats Mark Hunter, Liberal Democrats
Norman Lamb, Liberal Democrats Sir Vince Cable, Liberal Democrats
Stephen Lloyd, Liberal Democrats Tom Brake, Liberal Democrats
Roger Mullin, Scottish National Party Stephen Gethins, Scottish National Party
Mark Durkan, Social Democratic and Labour Party (SDLP) ,

About Divest Parliament

Divest Parliament works with MPs from across the political spectrum to sign our campaign pledge calling on their pension fund to phase out its substantial investments in fossil fuels.

By engaging with their own pension fund, MPs have the opportunity to show crucial leadership on climate change, responsible investment and the transition to a sustainable economy.

The pledge asks that the Pension Fund quantifies, reviews and discloses the fund’s investments in carbon-intensive industries, engages in a dialogue with current and former MPs and publicly commits to phasing out fossil fuel investments over an appropriate time-scale.

MPs have a crucial role to play in challenging the political power of an industry that continues to push for new fossil fuels, even in the face of glaringly evident climate change impacts across the globe.

The Parliamentary Contributory Pension Fund is the main pension fund for MPs serving in the House of Commons. All MPs automatically become members of the fund when they are elected to office.

It currently has 637 active members (current MPs who are paying into the fund), 224 deferred members (former MPs who have not yet retired), and 1090 retired members (former MPs who are retired and are receiving their pension). It is governed by a board of 12 cross-party trustees who manage the fund on behalf of the members.

In March 2017, following pressure from this campaign and the office of Caroline Lucas, the trustees made public for the first time details of the twenty largest holdings in the fund. According to the latest Annual Report, the largest investments currently made by the fund include stakes in the fossil fuel companies BP (£11.68 million) and Royal Dutch Shell (£10.95 million).

Note: This campaign is focussed solely on fossil fuels due to the gravity of climate change and the financial risks associated with fossil fuel investments. However, disclosures gained during the campaign have revealed significant investment in British American Tobacco (£11.68 million) and other controversial industries.

The fund is governed by a board of 12 cross-party trustees: ten of whom are MPs or former MPs; the other two are chosen by IPSA (the Independent Parliamentary Standards Association) and the Prime Minister. The trustees look after the fund on behalf of MPs, and have a legal duty to run it in their best interests. As members of the fund, it is ultimately MPs money, and their voices should be heard.

A group of MPs, spearheaded by Green Party Co-Leader Caroline Lucas, have been engaging directly with the Trustees on issues of climate risk since 2014, and remain unconvinced that these risks are being sufficiently considered.

Their names will be included on the public list of supporters, and they’ll be kept up to date with further progress on the campaign, as well as opportunities to get more involved, including participating in key meetings with the trustees of the fund.

By having many MPs from across the political spectrum sign our pledge, we demonstrate growing political support for divestment from fossil fuels and reinvestment into a zero-carbon future.

This support allows us to effectively pressure the trustees of the MPs pension fund and means they take the issues more seriously.

This is a numbers game. The more former and current MPs we get signing the pledge, the more pressure the fund is under to act. This is why need constituents all over the UK to engage with their MPs on the issue and ask their MP to sign our pledge!

It’s crucial that MPs focus on an impactful, long term policy agenda to keep the vast majority of fossil fuels in the ground and build a sustainable economy. However, they can also show leadership in other areas, starting with the management of their own pension fund.

Why Divest?

Thousands of organisations and individuals have divested assets worth over $11 trillion. There are many reasons for MPs to join the fastest growing divestment movement in history:

The Paris Agreement saw 196 countries commit to action on climate change to limit warming to 2 degrees, ideally 1.5. Fulfilling these promise means a step change in action today, including leaving 80% of known fossil fuel reserves in the ground.

From South African Apartheid to Tobacco, we know that divestment campaigns have had huge impacts at shifting the discourse on key political issues and making change in the past.  And there’s no issue that needs a gear change more than climate.

Through significant political lobbying, the fossil fuel industry has been a key barrier to meaningful legislation on climate change. Similarly with Tobacco, a powerful divestment campaign sought to reduce the political power of Big Tobacco and brought in science based policy on smoking.

By addressing climate risk in their own pension fund and supporting the divestment movement, MPs can show commitment and leadership on tackling the crucial issue of climate change and challenge the lobbying of the fossil fuel industry.

Many of those divesting from fossil fuels have used this opportunity to re-invest in the greener, cleaner technologies of the future. Renewable energy is a rapidly growing sector, with a $3 trillion annual funding gap to achieve the scale required for transition.

The low-carbon transition will mean enormous job creation across a range of sectors, with the Green Finance Initiative hoping to build the UK’s position as ‘Global Hub of Green Finance’.

The MPs’ pension fund is their own money, but the lack of transparency over where the money is going and how members concerns are addressed is an issue across the whole pension system. By addressing these issues in their own fund, policy makers can lead the way for more responsible investment practised across the board.

For many MPs integrity is important, and being invested in companies engaging in disruptive lobbying and causing climate change will be uncomfortable. They should be able to put their money where their values are.

Concerted action to decarbonise our economy, rapid technological advances in renewable energy generation and the physical constraints on extraction in a changing environment are expected to seriously devalue oil, coal and gas assets over the coming years and decades. Between $1-4 trillion worth of fossil fuel assets may become ‘stranded’, presenting a major financial risk to pension holders. This position has been endorsed by leading economists and financiers, including the Governor of the Bank of England, the World Bank  and the G20’s Financial Stability Board.

With decarbonisation inevitable and the renewable energy sector growing rapidly, many prudent investors are divesting from fossil fuels to protect their returns.

Updates

DUP MPs CALL FOR END TO FOSSIL FUEL INVESTMENTS

Half of the DUP MPs call on the Parliamentary Pension Fund to phase out its substantial investment in fossil fuel giants such as Shell and BP, following growing concerns about climate crisis.

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