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Global Divestment Day

EDM number 773 in 2014-15, proposed by Caroline Lucas on 04/02/2015.
Categorised under the topics of Oil, petrol and natural gas and Renewable energy.

That this House welcomes the growing fossil fuel divestment movement in the UK, consisting of universities, churches, institutions, pension holders and other individuals demonstrating climate leadership by withdrawing financial support from the fossil fuel industry; further welcomes Global Divestment Day taking place on 13 and 14 February 2015; recalls that in June 2014 British Medical Association members voted to end investments in the fossil-fuel industry and increase investment in renewable energy, because of the serious health threat posed by unmitigated climate change; notes the Unhealthy Investments report from UK health-based non-governmental organisations, which calls for other health organisations to end investment in the 200 largest publicly-listed fossil fuel companies, over a period of five years; acknowledges the work of Carbon Tracker in highlighting financial risks of investment in high-carbon assets and the carbon bubble; further notes that the Governor of the Bank of England is among numerous high-profile figures agreeing that the vast majority of fossil fuel companies' reserves cannot be burned if the internationally agreed goal of limiting global temperatures to below two degrees above pre-industrial levels is to be achieved; considers that hon. Members have a responsibility to demonstrate leadership on climate change; and calls on the Trustees of the Parliamentary Contributory Pension Scheme to quantify and review the Fund's investments in fossil fuel industries in light of both their contribution to advancing climate change and the risks facing those industries from effective climate regulation.

This motion has been signed by a total of 21 MPs.

Caroline Lucas04/02/2015Brighton, PavilionGreenProposed
Julian Huppert04/02/2015CambridgeLiberal DemocratSeconded
Jeremy Corbyn05/02/2015Islington NorthLabourSeconded
Andrew George05/02/2015St IvesLiberal DemocratSeconded
Andrew Stunell05/02/2015Hazel GroveLiberal DemocratSeconded
Mark Durkan09/02/2015FoyleSocial Democratic and Labour PartySeconded
Margaret Ritchie10/02/2015South DownSocial Democratic and Labour PartySigned
Mike Hancock10/02/2015Portsmouth SouthLiberal DemocratSigned
Mark Hunter10/02/2015CheadleLiberal DemocratSigned
John Leech11/02/2015Manchester, WithingtonLiberal DemocratSigned
George Galloway11/02/2015Bradford WestRespectSigned
Virendra Sharma11/02/2015Ealing, SouthallLabourSigned
Annette Brooke11/02/2015Mid Dorset and North PooleLiberal DemocratSigned
John McDonnell12/02/2015Hayes and HarlingtonLabourSigned
Martin Caton12/02/2015GowerLabourSigned
Joan Walley12/02/2015Stoke-on-Trent NorthLabourSigned
Kelvin Hopkins23/02/2015Luton NorthLabourSigned
Michael Crockart25/02/2015Edinburgh WestLiberal DemocratSigned
Diane Abbott03/03/2015Hackney North and Stoke NewingtonLabourSigned
Yasmin Qureshi24/03/2015Bolton South EastLabourSigned
Sheila Gilmore25/03/2015Edinburgh EastLabourSigned

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