Some thoughts from members of the Ethics for USS team (Andrew Jarvis, Keith Pitcher, Ceri Sullivan, Paul Kinnersley and Jay Ginn) We need an energy transition, not a cliff Here we are, pension owners with Shell as the primary asset securing our retirements, along with plenty of other high carbon investments in the USS portfolio. […]
This is NOT financial advice – but if you have already decided to switch your DC funds in Investment Builder to ethical funds here are instructions to help you do it
Fossil Fuels going up not down! Our review of USS holdings in Fossil Fuel companies shows the total investments have gone up to over £ 1,300 million. And add to that £ 257 million in Zurich Airport, £ 131 million in Ryanair and 10% private equity holding in Heathrow.
We had an interesting and informative meeting on Jan 16th and the plan is that we should meet again during the early summer. These are the agreed actions: USS will: 1 Review the presentation of risks of ethical investments in newsletters and on the website 2 Send examples of the survey questions used when seeking […]
USS – the pension scheme for university staff in the UK – is one of the largest pension schemes in Europe. Currently (Jan 2020) they hold over £ 1 000 million in fossil fuels companies, £ 400 million in tobacco and £ 200 million in arms manufacturers. Ethics for USS is a group of USS […]
The team at People and Planet have led a fantastic campaign to persuade UK Universities to divest their own funds from fossil fuels. This list is taken from https://peopleandplanet.org/fossil-free-victories. If these institutions can divest surely USS can do the same ?? Academic Institutions that have divested or are in the process of divesting from fossil fuels: […]
Fossil fuels: Royal Dutch Shell £ 538 million; Lundin Petroleum £ 120 million; Pioneer Natural Resources £ 102 million; Equinor £ 93 million, Petroleo Brasilero £ 73 million. Tobacco: British American Tobacco £ 103 million; Imperial Brands £ 85 million. Military hardware: Raytheon £ 209 million
