GMPF buys more shares in fossil fuels. Fund’s performance continues to slide.

7th June 2021

PRESS RELEASE Immediate release – 7.6.21 from: Fossil Free Greater Manchester campaign group – contact details below. Despite the climate emergency, GM Pension Fund invested more in oil, gas and coal last year Campaign group Fossil Free Greater Manchester (FFGM) has revealed that the Greater Manchester Pension Fund (GMPF) increased its holdings in fossil fuels…

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Fossil fuel holdings increase at GM Pension Fund

10th May 2021

Reposted from The Meteor  Thanks for covering this story.   By Alex King Analysis of the Fund’s 2021 annual report by Fossil Free Greater Manchester shows the Fund increased its holdings of fossil fuel shares between 2019 and 2020, undercutting its claims it has made moves to divest. The Greater Manchester Pension Fund (GMPF) bought more…

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FFGM Supporters Newsletter March 2021

19th March 2021

A lot’s been happening! Dear FFGM Supporters, In this newsletter New data on dirty local government pension investments Our correspondence with GMPF Greater Manchester Councils speak up Action you can take Union members: petition to sign Despite the pandemic, we’re still working hard at Fossil Free Greater Manchester to persuade the Greater Manchester Pension Fund…

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New research: North West local government funds still heavily invested in fossil fuels

23rd February 2021

Friends of the Earth and Platform press release  Dirty pensions: North West local government funds still heavily invested in fossil fuels Local councils in the north west still have over a billion pounds invested in planet-wrecking fossil fuels through local government pension funds.  Freedom of information requests by environmental campaigners found that, despite decreases in recent years, local government pensions in the north…

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Greater Manchester Pension Fund suffers ÂŁ375m hit to Oil and Gas stocks

8th December 2020

Press Release from Fossil Free Greater Manchester Greater Manchester Pension Fund suffers ÂŁ375m hit as oil and gas investments crash. New analysis reveals that ÂŁ375m was wiped off the value of the Greater Manchester Pension Fund due to their oil and gas investments losing value over the past three years [1]. Platform London commissioned Transition…

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Fact checking GMPF’s arguments against divestment

13th November 2020

We welcome the news that all ten of our local councils, along with the GM Combined Authority, have declared a climate emergency. But the Greater Manchester Pension Fund (GMPF), run by Tameside on behalf of all the local authorities and other employers, continues to invest huge sums in polluting fossil fuel companies. GMPF’s largest direct…

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GM Pension Fund’s “Low Carbon Fund”: a drop in the ocean

7th October 2020

Post updated, 9 October, 2020. minor corrections, 10 December, 2020 In 2019, the Greater Manchester Pension Fund (GMPF) announced that it was moving some ÂŁ2.3 Billion of funds to a new “low carbon Fund”.  They have also claimed that this is one of the largest divestments from fossil fuels by any UK Pension Fund. Using…

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Tameside has yet to give details of the Fund’s “low carbon” investment

9th September 2020

Updated post: 10 Sept., 2020 For approximately a year now, the Greater Manchester Pension Fund has been trumpeting its initiative to move some ÂŁ2.4 Billion of its money from a tracker fund to a “low carbon” fund.  It has even claimed that this is the “biggest divestment by any council pension scheme in the UK”…

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What if investments, pensions and savings didn’t finance fossil fuels?

17th August 2020

Watch this to learn how our savings, pensions and investments are affecting the planet, and what we can do about it. Speakers: Ishaan Dalal, ShareAction Ali Abbas, Fossil Free Greater Manchester Helen Tandy, Partner & Ethical Investment Adviser, Castlefield

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New Podcast!

20th July 2020

The Manchester Green New Deal podcast talks to Maggie Walker & Ali Abbas about why the GM Pension Fund must stop investing in fossil fuels. Have a listen here:

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