March 26, 2018

Divest London response: City Hall takes step to divestment

Today, Mayor of London Sadiq Khan has released a statement ‘calling on local authorities from across the capital to join him in fighting climate change by divesting their pension funds of fossil fuel companies’ and confirming he’ll release his own divestment plan in coming months.

Grassroots group Divest London, who have been campaigning for divestment from City Hall and across the capital for three years, have responded to their statement:

Martin Watters, Divest London, commented:

“It’s an amazing moment to see Mayor Khan calling on his fellow local government leaders to show climate leadership and divest from fossil fuels.

“From the Caribbean to the Pacific, the last year has brought devastating climate impacts. London should be investing in building a clean, safe energy system for all – not in the industry fuelling the climate crisis.

“We’re looking forward to continuing work with City Hall in the coming months to make Mayor Khan’s own divestment commitment a reality, through the finalisation of the implementation plan released later this year.”

Credit: Divest London