SOUTH Lanarkshire Council has passed a motion calling on Scotland’s largest local authority pension fund to divest from fossil fuels.
The motion, tabled by South Lanarkshire’s first Green councillor Kirsten Robb, commits the council to writing to the Strathclyde Pension Fund Committee to call for it to renew its commitment to fossil fuel divestment “with the intention of divesting from fossil fuel investments completely as quickly as possible, and no later than 2029.”
Last year an assessment of local government pension investment into fossil fuels undertaken by Friends of the Earth Scotland estimated that the Strathclyde Pension Fund’s investment stood at around £836 million.
