Category: Uncategorized
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DivestUSS moves to Bluesky
Dear Readers, With the social platform X (formerly Twitter) increasingly reflecting the toxic values of its new owner, DivestUSS has decided to move to Bluesky. You can find us at https://divestUSS.bsky.social Please follow and repost us if you are on Bluesky; if not, it is very simple to join – see the signup button at https://bsky.app…
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Update on USS investments and the climate emergency
The climate emergency continues, with the need for immediate action ever more pressing as conditions worsen, extreme events multiply and tipping points are threatening. Yet the latest data on their public equity investments (30th June 2024) show that USS continues with a failed policy of “engaging” with the very companies and banks responsible for this…
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USS TCFD Report 2024
Each year USS produces a Task Force on Climate-related Financial Disclosures report. You can read the report here. We have read the report and sent the observations below to USS Investment Management and the UCU appointed USS Trustees. DivestUSS response to USS TCFD 2024 Context: rapidly increasing temperatures, inadequate emission reductions, accelerating climate related deaths,…
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Should USS invest in nuclear power?
The British government is scouring the world for investors willing to invest in its Sizewell C project. USS has been named as one of six investors shortlisted for the project, perhaps with a stake of about £600m. Would investing in Sizewell C using the Regulated Asset Base (RAB) model be a wise investment for USS…
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Break the engagement, divorce now!
The climate emergency continues, with the need for immediate action ever more pressing as conditions worsen, extreme events multiply and tipping points are threatening. Yet USS continues with a failed policy of “engaging” with the very companies and banks responsible for this emergency, in order to “help them transition” to reduced emissions. There is widespread…
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USS and the Weapons Industries
USS holds investments in a large fraction of the world’s largest armaments companies, many of which supply weapons to countries engaged in large-scale human rights violations. Leading examples are BAE Systems and Raytheon/RTX. Read more.
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Email your finance officer today!
A big group of universities led by Cambridge are getting together to move their investments away from fossil fuels. It’s complicated finance stuff but essentially this is so they can avoid investing in new coal and gas fired power plants in OECD countries. It should also help to increase the funding for renewable energy around…
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USS and the Climate Emergency – Latest
The climate emergency continues, with the need for immediate action ever more pressing as conditions worsen, extreme events multiply and tipping points are threatening. But USS’s most recent equity holdings reveal multiple investments in the companies behind the most climate damage. Universities and other pension funds have divested and surveys reveal popular support for this.…
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USS and Thames Water: Money down the drain
USS invests £1bn of your pension money in a water company after it has been loaded with debt by a corporate raider and given record fines for pollution caused by rundown infrastructure, and which is overseen by a regulator asleep at the wheel – what could possibly go wrong? Well, more debt, more financial instability…