How did we prepare for the pension fund committee meeting in June (2015)?

At this meeting, the Oxfordshire Pension Fund Committee received our petition on divestment, signed by 1200 of their electorate. Fossil Free Oxfordshire was busy in the run-up to this important meeting, determined to make the most of the opportunity to influence the discussion and aware that there may be limited opportunities to raise the issues again unless we were proactive with our arguments and demands.

This was the fourth time Fossil Free Oxfordshire had addressed an Oxfordshire County Council body (having previously addressed meetings of the Pension Fund Committee, the Cabinet and Full Council), but this was the first time councillors and officers got substantially engaged in a meaningful and animated debate. Not a win, but it definitely felt like progress.

These are some of the things that happened in the run up to the meeting:

  • LGPS members asked to write to the committee Chair

We began to encourage pension scheme members to email Cllr Lilly, Chair of the Pension Fund Committee using this online tool to let him know they would prefer their pension fund was not invested in risky, dangerous fossil fuel companies (if you are a scheme member, you are invited to use it now 🙂 ). Cllr Bob Price, leader of Oxford City Council was one of the first signatories.

  • Constituents asked to write to Councillors on the Pension Fund Committee

A number of people contacted committee members in advance of the meeting, showing that their constituents supported the call for divestment.

  • Trades Unions asked to support divestment

Oxfordshire retired members unanimously passed a motion calling on the council to divest the pension fund from fossil fuels. Oxfordshire Trades Council passed a motion on the eve of the Pension Fund Committee meeting, which effectively recommended divestment.

  • We were invited to address the Committee again

Several of us have now had practice at writing speeches that will have impact and stay within the few minutes allowed by Council Committees (they are very strict on timing). This time Pete, who is an LGPS member and County Council employee, delivered plea for divestment from the heart, which completely engaged the councillors. They were clearly listening!

  • We engaged with the Council’s analysis of the issue

The County Council’s Chief Finance Officer prepared this paper for the committee, to inform their discussion of “Corporate governance and socially responsible investment,” that followed the item on our petition. Agenda papers are published a week before the meetings, so we rushed to respond to it ahead of the meeting, in an email to the CFO and all the committee members – the subject of our next blog.

Now we have to keep the pressure up. We have lots of ideas about how we can do that, but we’re a small team and we could do with some more people to get involved in different ways – big or small. Do get in touch if you could help out.

*** You can read what happened at the meeting here.

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