On November 9th, we’re releasing new, up to date information on council investments. Visit #fuellingthefire for more.

 

£14 BILLION ACROSS THE UK.

HOW MUCH DOES YOUR COUNCIL INVEST IN FOSSIL FUELS?

Despite the need for urgent action on climate change and the many benefits of investing in our local areas, local government in the UK invests £14 billion in fossil fuel companies like Shell and BP.

Find out how much your local government pension scheme has invested in fossil fuels, and get involved with the growing movement to divest public money from fossil fuels and reinvest in our future.

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See exactly what your local council invests in. Use the table below to find out about your council’s fossil fuel investments or rank councils against each other.
Local AuthorityPension FundTotal Fund AmountFossil Fuel Investment% Fossil FuelsDirect Fossil Fuel InvestmentIndirect Fossil Fuel Investment
AberdeenNorth East Scotland Pension Fund2,913,400,000124,854,0004.29%0124854000
AberdeenshireNorth East Scotland Pension Fund2,913,400,000124,854,0004.29%0124854000
AngleseyGwynedd Council Pension Fund1,309,546,00082,297,0006.28%1569200066605000
AngusTayside Pension Fund2,463,100,000176,010,0007.15%0176010000
AntrimNILGOSC5,060,000,000206,662,0004.08%0206662000
ArdsNILGOSC5,060,000,000206,662,0004.08%0206662000
Argyll and ButeStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
ArmaghNILGOSC5,060,000,000206,662,0004.08%0206662000
BallymenaNILGOSC5,060,000,000206,662,0004.08%0206662000
BallymoneyNILGOSC5,060,000,000206,662,0004.08%0206662000
BanbridgeNILGOSC5,060,000,000206,662,0004.08%0206662000
Barking and DagenhamLondon Borough of Barking and Dagenham Pension Fund726,370,00035,428,0004.88%035428000
Bath and North East SomersetAvon Pension Fund3,302,280,000171,777,0005.20%45364000126414000
BedfordshireBedfordshire Pension Fund1,538,134,00071,014,0004.62%1893800052076000
BelfastNILGOSC5,060,000,000206,662,0004.08%0206662000
BerkshireRoyal County of Berkshire Pension Fund1,620,500,00066,570,0004.11%066570000
BexleyLondon Borough of Bexley Pension Fund660,079,00038,670,0005.86%375340001135000
Blackburn with DarwenLancashire County Pension Fund5,372,370,000101,940,0001.90%4361700058323000
Blaenau GwentTorfaen Pension Fund2,062,483,000161,193,0007.82%0161193000
BournemouthDorset County Council Pension Fund2,091,827,000153,544,0007.34%7944600074098000
BrentLondon Borough of Brent Pension Fund639,487,00039,011,0006.10%039011000
BridgendRhondda Cynon Taf Pension Fund1,727,894,00098,322,0005.69%7894100019381000
Brighton and HoveEast Sussex Pension Fund2,602,879,000171,846,0006.60%52217000119630000
BristolAvon Pension Fund3,302,280,000171,777,0005.20%45364000126414000
BromleyLondon Borough of Bromley Pension Fund656,073,00033,671,0005.13%819900025472000
BuckinghamshireBuckinghamshire County Council Pension Fund1,896,306,000128,107,0006.76%8823700039870000
CaerphillyTorfaen Pension Fund2,062,483,000161,193,0007.82%0161193000
CambridgeshireCambridgeshire Pension Fund2,238,809,000119,964,0005.36%6387500056089000
CamdenLondon Borough of Camden Pension Fund1,162,683,000110,492,0009.50%4150100068991000
CardiffCardiff and Vale of Glamorgan Pension Fund1,451,692,000105,306,0007.25%2763500077671000
CarmarthenshireDyfed Pension Fund1,694,781,000141,345,0008.34%6481600076528000
CarrickfergusNILGOSC5,060,000,000206,662,0004.08%0206662000
CastlereaghNILGOSC5,060,000,000206,662,0004.08%0206662000
CeredigionDyfed Pension Fund1,694,781,000141,345,0008.34%6481600076528000
CheshireCheshire Pension Fund3,550,000,000157,500,0004.44%0157500000
ClackmannanshireFalkirk Council Pension Fund1,782,195,000105,761,0005.93%4784400057917000
ColeraineNILGOSC5,060,000,000206,662,0004.08%0206662000
ConwyGwynedd Council Pension Fund1,309,546,00082,297,0006.28%1569200066605000
CookstownNILGOSC5,060,000,000206,662,0004.08%0206662000
CornwallCornwall Pension Fund1,408,716,00064,909,0004.61%064909000
CraigavonNILGOSC5,060,000,000206,662,0004.08%0206662000
CroydonLondon Borough of Croydon Pension Fund766,512,00040,150,0005.24%1760400022546000
CumbriaCumbria County Council Pension Fund1,829,134,000108,400,0005.93%5915500049245000
DarlingtonDurham County Council2,130,855,000128,293,0006.02%0128293000
DenbighshireClywd Pension Fund1,213,567,00028,134,0002.32%028134000
DerbyDerbyshire County Council Pension Fund3,830,271,000292,803,0007.64%22464500068158000
DerbyshireDerbyshire County Council Pension Fund3,830,271,000292,803,0007.64%22464500068158000
DerryNILGOSC5,060,000,000206,662,0004.08%0206662000
DevonPeninsula Pension Fund3,357,571,000215,549,0006.42%29923000185626000
DorsetDorset County Council Pension Fund2,091,827,000153,544,0007.34%7944600074098000
DownNILGOSC5,060,000,000206,662,0004.08%0206662000
Dumfries and GallowayDumfries and Galloway Pension Fund634,800,00049,817,0007.85%2371600026101000
DundeeTayside Pension Fund2,463,100,000176,010,0007.15%0176010000
DungannonNILGOSC5,060,000,000206,662,0004.08%0206662000
DurhamDurham County Council2,130,855,000128,293,0006.02%0128293000
EalingLondon Borough of Ealing Pension Fund867,000,00060,800,0007.01%060800000
East AyrshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
East DunbartonshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
East LothianLothian Pension Fund5,038,420,000237,036,0004.70%21263300024403000
East RenfrewshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
East Riding of YorkshireEast Riding Pension Fund3,310,213,000288,905,0008.73%23681100052094000
East SussexEast Sussex Pension Fund2,602,879,000171,846,0006.60%52217000119630000
EdinburghLothian Pension Fund5,038,420,000237,036,0004.70%21263300024403000
Eilean SiarHighland Council Pension Fund1,268,000,00060,897,0004.80%060897000
EnfieldLondon Borough of Enfield Pension Fund746,121,00033,221,0004.45%1016900023052000
EssexEssex Pension Fund4,964,655,000204,359,0004.12%13949000190410000
FalkirkFalkirk Council Pension Fund1,782,195,000105,761,0005.93%4784400057917000
FermanaghNILGOSC5,060,000,000206,662,0004.08%0206662000
FifeFife Council Pension Fund1,831,973,00095,394,0005.21%3433300061061000
FlintshireClywd Pension Fund1,213,567,00028,134,0002.32%028134000
GlasgowStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
GloucestershireGloucestershire Pension Fund1,506,000,000110,050,0007.31%0110050000
GreenwichRoyal Borough of Greenwich Council Pension Fund1,265,738,00081,180,0006.41%081180000
GwyneddGwynedd Council Pension Fund1,309,546,00082,297,0006.28%1569200066605000
HackneyLondon Borough of Hackney Pension Fund1,029,000,00063,111,0006.13%063111000
HaltonCheshire Pension Fund3,550,000,000157,500,0004.44%0157500000
Hammersmith and FulhamLondon Borough of Hammersmith and Fulham Pension Fund864,781,00044,933,0005.20%044933000
HampshireHampshire Pension Fund5,108,786,000269,433,0005.27%18526000084173000
HaringeyLondon Borough of Haringey Pension Fund909,765,00066,464,0007.31%066464000
HarrowLondon Borough of Harrow Pension Fund615,661,00041,744,0006.78%041744000
HartlepoolTeesside Pension Fund3,240,857,000283,167,0008.74%2750430008124000
HaveringLondon Borough of Havering Pension Fund468,397,00034,159,0007.29%382500030334000
HerefordshireWorcestershire Pension Fund1,837,753,000197,423,00010.74%15037000047053000
HertfordshireHertfordshire Pension Fund3,469,985,000129,078,0003.72%8733200041746000
HighlandHighland Council Pension Fund1,268,000,00060,897,0004.80%060897000
HillingdonLondon Borough of Hillingdon Pension Fund724,461,00042,391,0005.85%042391000
HounslowLondon Borough of Hounslow Pension Fund721,000,00049,310,0006.84%049310000
InverclydeStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
Isle of WightIsle of Wight Council Pension Fund441,447,00025,559,0005.79%025559000
IslingtonLondon Borough of Islington Pension Fund971,000,00059,474,0006.13%059474000
Kensington and ChelseaRoyal Borough of Kensington and Chelsea Pension Fund817,492,00060,850,0007.44%060850000
KentKent County Council Pension Fund4,079,298,000324,271,0007.95%209479000114792000
Kingston upon HullEast Riding Pension Fund3,310,213,000288,905,0008.73%23681100052094000
Kingston upon ThamesRoyal Borough of Kingston upon Thames Pension Fund640,890,00042,464,0006.63%523300037232000
LambethLondon Borough of Lambeth Pension Fund1,036,207,00059,145,0005.71%2454700034598000
LancashireLancashire County Pension Fund5,372,370,000101,940,0001.90%4361700058323000
LarneNILGOSC5,060,000,000206,662,0004.08%0206662000
LeicesterLeicestershire County Council Pension Fund2,514,711,000164,292,0006.53%20436000143856000
LeicestershireLeicestershire County Council Pension Fund2,514,711,000164,292,0006.53%20436000143856000
LewishamLondon Borough of Lewisham Pension Fund927,937,00058,419,0006.30%058419000
LimavadyNILGOSC5,060,000,000206,662,0004.08%0206662000
LincolnshireLincolnshire Pension Fund1,623,527,000113,380,0006.98%1054910007890000
LisburnNILGOSC5,060,000,000206,662,0004.08%0206662000
LondonCity of London Pension Fund746,300,00046,780,0006.27%046780000
LutonBedfordshire Pension Fund1,538,134,00071,014,0004.62%1893800052076000
MagherafeltNILGOSC5,060,000,000206,662,0004.08%0206662000
ManchesterGreater Manchester Pension Fund13,284,054,0001,304,123,0009.82%1057041000247081000
MedwayKent County Council Pension Fund4,079,298,000324,271,0007.95%209479000114792000
MerseysideMerseyside Pension Fund5,964,099,000355,195,0005.96%198897000156298000
Merthyr TydfilRhondda Cynon Taf Pension Fund1,727,894,00098,322,0005.69%7894100019381000
MertonLondon Borough of Merton Pension Fund478,854,00052,649,00010.99%3824000014408000
MiddlesbroughTeesside Pension Fund3,240,857,000283,167,0008.74%2750430008124000
MidlothianLothian Pension Fund5,038,420,000237,036,0004.70%21263300024403000
Milton KeynesBuckinghamshire County Council Pension Fund1,896,306,000128,107,0006.76%8823700039870000
MonmouthshireTorfaen Pension Fund2,062,483,000161,193,0007.82%0161193000
MorayNorth East Scotland Pension Fund2,913,400,000124,854,0004.29%0124854000
MoyleNILGOSC5,060,000,000206,662,0004.08%0206662000
Neath Port TalbotCity & County of Swansea Pension Fund1,348,965,00099,503,0007.38%099503000
NewhamLondon Borough of Newham Council Pension Fund921,574,00034,193,0003.71%576600028427000
NewportTorfaen Pension Fund2,062,483,000161,193,0007.82%0161193000
Newry and MourneNILGOSC5,060,000,000206,662,0004.08%0206662000
NewtownabbeyNILGOSC5,060,000,000206,662,0004.08%0206662000
NorfolkNorfolk Pension Fund2,644,730,000140,844,0005.33%6557500075269000
North AyshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
North DownNILGOSC5,060,000,000206,662,0004.08%0206662000
North East LincolnshireEast Riding Pension Fund3,310,213,000288,905,0008.73%23681100052094000
North LanarkshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
North LincolnshireEast Riding Pension Fund3,310,213,000288,905,0008.73%23681100052094000
North SomersetAvon Pension Fund3,302,280,000171,777,0005.20%45364000126414000
North YorkshireNorth Yorkshire County Council Pension Fund2,078,026,000149,227,0007.18%6661800082609000
NorthamptonshireNorthamptonshire Local Government Pension Scheme1,659,847,000171,800,00010.35%11537700056423000
NorthumberlandNorthumberland County Council Pension Fund944,221,00063,889,0006.77%1834900045540000
NottinghamNottinghamshire County Council Pension Fund3,708,200,000261,253,0007.05%0261253000
NottinghamshireNottinghamshire County Council Pension Fund3,708,200,000261,253,0007.05%0261253000
OmaghNILGOSC5,060,000,000206,662,0004.08%0206662000
Orkney IslandsOrkney Islands Council Pension Fund234,272,0008,078,0003.45%53080002770000
OxfordshireOxfordshire County Council Pension Fund1,665,432,000119,695,0007.19%5560900064085000
PembrokeshireDyfed Pension Fund1,694,781,000141,345,0008.34%6481600076528000
Perthshire and KinrossTayside Pension Fund2,463,100,000176,010,0007.15%0176010000
PeterboroughCambridgeshire Pension Fund2,238,809,000119,964,0005.36%6387500056089000
PlymouthPeninsula Pension Fund3,357,571,000215,549,0006.42%29923000185626000
PooleDorset County Council Pension Fund2,091,827,000153,544,0007.34%7944600074098000
PortsmouthHampshire Pension Fund5,108,786,000269,433,0005.27%18526000084173000
PowysPowys County Council Pension Fund463,873,00023,233,0005.01%023233000
RedbridgeLondon Borough of Redbridge Pension Fund578,399,00032,852,0005.68%1013300022719000
Redcar and ClevelandTeesside Pension Fund3,240,857,000283,167,0008.74%2750430008124000
RenfrewshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
Rhondda, Cynon, TaffRhondda Cynon Taf Pension Fund1,727,894,00098,322,0005.69%7894100019381000
Richmond upon ThamesLondon Borough of Richmond Upon Thames Pension Fund611,432,00041,144,0006.73%041144000
RutlandLeicestershire County Council Pension Fund2,514,711,000164,292,0006.53%20436000143856000
Scottish BordersScottish Borders559,876,00028,218,0005.04%989000018328000
Shetland IslandsShetland Islands Council Pension Fund331,954,00026,778,0008.07%026778000
ShropshireShropshire Pension Fund1,339,203,00073,863,0005.52%073863000
SomersetSomerset County Council Pension Fund1,472,295,000121,505,0008.25%1154140006090000
South AyrshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
South GloucestershireAvon Pension Fund3,302,280,000171,777,0005.20%45364000126414000
South LanarkshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
South YorkshireSouth Yorkshire Pension Fund5,550,000,000317,728,0005.72%0317728000
SouthamptonHampshire Pension Fund5,108,786,000269,433,0005.27%18526000084173000
Southend-on-SeaEssex Pension Fund4,964,655,000204,359,0004.12%13949000190410000
SouthwarkLondon Borough of Southwark Pension Fund1,234,847,00060,601,0004.91%147900059123000
StaffordshireStaffordshire Pension Fund3,215,718,000249,697,0007.76%143637000106059000
StirlingFalkirk Council Pension Fund1,782,195,000105,761,0005.93%4784400057917000
Stockton-on-TeesTeesside Pension Fund3,240,857,000283,167,0008.74%2750430008124000
Stoke-on-TrentStaffordshire Pension Fund3,215,718,000249,697,0007.76%143637000106059000
StrabaneNILGOSC5,060,000,000206,662,0004.08%0206662000
SuffolkSuffolk County Council Pension Fund1,866,346,000117,708,0006.31%0117708000
SurreySurrey County Council Pension Fund2,807,500,000176,765,0006.30%66825000109940000
SuttonLondon Borough of Sutton Pension Fund491,054,00028,633,0005.83%028633000
SwanseaCity & County of Swansea Pension Fund1,348,965,00099,503,0007.38%099503000
SwindonWiltshire Pension Fund1,516,333,00092,707,0006.11%247600090230000
Telford and WrekinShropshire Pension Fund1,339,203,00073,863,0005.52%073863000
ThurrockEssex Pension Fund4,964,655,000204,359,0004.12%13949000190410000
TorbayPeninsula Pension Fund3,357,571,000215,549,0006.42%29923000185626000
TorfaenTorfaen Pension Fund2,062,483,000161,193,0007.82%0161193000
Tower HamletsLondon Borough of Tower Hamlets Pension Fund1,047,073,00091,764,0008.76%4448700047277000
Tyne and WearTyne and Wear Pension Fund5,432,300,000264,961,0004.88%0264961000
Vale of GlamorganCardiff and Vale of Glamorgan Pension Fund1,451,692,000105,306,0007.25%2763500077671000
Waltham ForestLondon Borough of Waltham Forest Pension Fund659,647,00044,096,0006.68%044096000
WandsworthWandsworth Pension Fund1,054,186,00069,623,0006.60%4893300020690000
WarringtonCheshire Pension Fund3,550,000,000157,500,0004.44%0157500000
WarwickshireWarwickshire County Council Pension Fund1,520,471,00088,368,0005.81%3310700055261000
West DunbartonshireStrathclyde Pension Fund14,906,954,000751,960,0005.04%307963000443997000
West LothianLothian Pension Fund5,038,420,000237,036,0004.70%21263300024403000
West MidlandsWest Midlands Pension Fund10,144,000,000354,946,0003.50%27853600076410000
West SussexWest Sussex Pension Fund2,290,454,000121,547,0005.31%1215470000
West YorkshireWest Yorkshire Pension Fund10,370,000,000670,800,0006.47%0670800000
WestminsterWestminster City Council Pension Fund1,094,331,00085,075,0007.77%219800082878000
WiltshireWiltshire Pension Fund1,516,333,00092,707,0006.11%247600090230000
WorcestershireWorcestershire Pension Fund1,837,753,000197,423,00010.74%15037000047053000
WrexhamClywd Pension Fund1,213,567,00028,134,0002.32%028134000
YorkNorth Yorkshire County Council Pension Fund2,078,026,000149,227,0007.18%6661800082609000

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Divestment campaigns targeting local government are building power all over the UK. Already there are nearly 30 local groups taking action with more springing up every week – get involved!

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You can also follow Fossil Free UK on Facebook and Twitter for updates on the campaign.

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about the project

Local government in the UK invests over £14 billion through 4.6 million public sector pensions  into fossil fuel companies. These holdings by city, borough and county councils are accelerating dangerous climate change, present long term financial risks for savers and taxpayers, and don’t benefit local communities.

This data project is the first attempt to quantify the exposure of our local government pension funds to the fossil fuel industry. It is an invitation to question transparency, democracy and decision-making in public finance. To consider the risks and responsibilities of investing people’s pensions in an industry 80% of whose reserves cannot be burned on  a liveable planet. It is an invitation to explore the possibilities of this money if it was instead reinvested to support jobs and infrastructure benefitting local people.

This data is a call to action for local governments around the country to take a lead on climate  and divest from fossil fuels. Although many local governments are already committed to action on climate change, their investments in the fossil fuel industry undermine these efforts. Our local governments have used divestment to take a stand before – playing a key role in the successful campaign against South African Apartheid. Already over 50 local governments around the world have committed to divest from fossil fuels, its time our councils joined them.

This tool is a call for citizens to take a stand, get active in their communities and join the divestment movement. Already there are groups all over the country working to divest their local governments from fossil fuels. In the run up to climate talks in Paris this winter, it’s more important than ever that we take use our local power to call for meaningful action on the climate crisis.

Read the full project briefing and methodology here.

The project from Fossil Free UK has been run by a number of organisations (350.org, Community Reinvest, Platform, Friends of the Earth, Friends of the Earth Scotland) and a team of dedicated volunteers.

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about the data

This tool shows the value of fossil fuel holdings for each of the regional pension funds in the Local Government Pension Scheme (LGPS), and the percentage of the total fund these investments represent. The total figure is calculated from the direct equity holdings in the top 200 fossil fuel companies as well as estimated fossil fuel investments in pooled equity funds. All figures are therefore estimates and subject to change.

Our fossil fuel investment data does not include:

  1. Equity in small or medium-sized fossil fuel companies;
  2. Corporate bond holdings in fossil fuel companies;
  3. Funds which co-mingle a proportion of equity holdings with property, bonds, and property;
  4. Indirect exposure to fossil fuels, such as via financing from major banks

We therefore consider this figure to be a conservative estimate of the fossil fuel exposure of local government pension scheme – given that 20% of the UK FTSE index is comprised of fossil fuel companies.

The data was collected through Freedom of Information Requests (FOIs) to administering authorities for the 2013/14 financial year, which ended March 2014. Where councils failed to respond or provided incomplete data figures were taken from the pension funds 2013/14 annual reports.

Read the full project briefing and methodology here.

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about fossil fuel divestment

“It makes no sense to invest in companies that undermine our future. We need an apartheid-style boycott to save the planet” – Desmond Tutu, 2014.

The fossil fuel divestment movement calls for organisations, institutions and individuals to demonstrate climate leadership and divest from fossil fuels. It is the fastest growing divestment movement the world has ever seen.

We know that preventing catastrophic climate change requires us to leave 80% of known fossil fuel reserves in the ground. However, the fossil fuel industry not only intend to burn their huge reserves, they spend billions actively searching for more and lobbying our governments to prevent meaningful regulation. Unless we attack the political power of the fossil fuel industry, we will never get the action we need to address the climate crisis.

Divestment – publicly selling your shares in a particular industry – aims to morally and politically bankrupt the fossil fuel industry. It has proven to be a powerful tool in movements past; an international divestment movement helped bring down the South African apartheid government. By divesting, we can break the hold of the fossil fuel industry over our political system and create the space for action on climate change.

Already hundreds of institutions worth trillions of dollars around the world have made divestment commitments – from universities to faith groups to national governments.

Our campaign asks that local authorities commit to freeze any new investments in fossil fuels and divest from all other holdings within 5 years. Click here for more information on campaign demands.

This is a grassroots movement of people all over the world, standing up to the fossil fuel industry and taking action for a liveable future. Find out more and get involved here.

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CONTACTS

For media enquiries:

Danielle Paffard, 350.org | [email protected]

Mika Minio-Paluello, Platform | [email protected]

If you’d like to get involved in campaigning on divestment:

Ellen Gibson, 350.org | [email protected]

For information about the data:

Mika Minio-Paluello, Platform | [email protected]

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