Pension fund continues to ignore fossil fuel questions

Greater Manchester Pension Fund has continued to stall on answering questions about its investment in fossil fuels – refusing to answer questions from an Oldham Councillor, and having not responded to a motion from Oldham Council for over 18 months.

The Pension Fund, run from Tameside, is the largest of its kind in the UK. The motion, passed in early 2023 called on the fund to divest from fossil fuels, and to produce an annual report detailing its influence on changing the behaviour of fossil fuel companies in which it invests – which it claims is the reason it continues to invest in the environmentally damaging companies.

Councillor Al-Hamdani said: “There has been deafening silence from the Pension Fund.

“This is a publicly run pension fund, investing millions of pounds of public sector workers’ money into companies which continue to damage the environment. I want to know why they are simply refusing to even talk to an elected councillor about these investments. Not responding is simply not good enough.”