A group of Suffolk residents will on Friday morning be leafleting staff of Suffolk County Council to warn them that their pension is at risk from investment in coal, oil and gas.
The campaigners, part of the group Fossil Free Suffolk, will be asking staff to sign a petition which calls on the county’s pension committee to switch out of fossil fuel stocks and into something that the group claims will better provide a long term retirement fund for pensioners, such as renewables.
Robert Lindsay, one of the organisers, said: “The price of oil has plunged in recent months, partly as a result of the boom in renewable energy generation, which does not look like slowing down any time soon. As a result, the value of many of the companies in which Suffolk County Council has used pension money to invest in, such as Shell, has also plunged.”
“This fund is supposed to support the retirement of thousands of current and former council staff, not just at Suffolk County Council but also at all the seven district councils across the county. Heavy investment in fossil fuel is no longer sensible or prudent.”
The group will be outside Endeavour House, Suffolk headquarters, from 8am on Friday 12 February to meet staff arriving for work.
They also aim to leaflet staff at Babergh District Council, Hadleigh on Friday lunchtime and at Mid Suffolk District Council, Needham Market on Thursday 11th February at 5pm.