Climate and investment campaign
Shareholder resolutions have been filed this year at Exxon Mobil, Chevron and Southern Company calling on these companies to address climate risks and adapt their business model to keep global warming ‘well below 2°C, with an ambition for 1.5’, as agreed upon by over 200 nations in Paris COP21 last December.
These companies need to change, and shareholder resolutions are a key way of making our ‘money talk’ to demand this. We own these companies!
1. Take action by writing to your pension scheme asking them to vote.
2. Share this action with friends and relatives. Lots of information to help you talk to them on the action page.
Many of us have or will have pensions we pay into each month for our retirement, and so do our parents and grandparents. However, most of us have no idea what our money is being invested in. It’s very likely that a large chunk is being invested in companies whose practices make future climate change much worse (such as spending huge amounts of money on lobbying against climate policy) leaving us to deal with the disastrous consequences. This isn’t what we, our parents, or our grandparents want our retirement saving spent on!
Our pension saving makes us shareowners (and children of shareowners) in the most powerful companies in the world and we can raise our voices to stop them from jeopardising our future. In the UK alone our pension savings total around £2 trillion!
We need to reclaim control over our savings, ensure those managing our pensions are accountable to us, and demand our pension funds use our money in our interest. Join our campaign to raise awareness of this opaque pension system with fellow students and their relatives, and take action now to reclaim control over our savings and our future!
Click on the icons below to find out how we will demand companies stop jeopardising our future!
“For the sake of the future of the planet, there is a strong case for pension funds taking action, but there’s also quite a strong case just for the sake of your parents’ pensions.” Prof. Myles Allen - IPCC lead author and leader of Oxford’s Climate Research Programme, speaking at the launch of PYP, December 2013.