Policies of local political parties April/May 2022
Five of the local authority area members of Tyne & Wear Pension Fund held elections in May 2022. The pension fund invests more than £230 million in fossil fuels and has recently adopted a climate policy that means it is unlikely to end such investment until 2050. All five councils - Gateshead, Newcastle, North Tyneside, South Tyneside and Sunderland - have declared a climate emergency and set targets to achieve either carbon neutral or net zero emissions by 2030.
Links are provided through the report which carry details of what that target means and how each council is moving towards it. Divest Tyne & Wear asked representatives of all main parties fielding candidates four key questions about their policies on fossil fuel investment by the councils’ pension fund. This report presents the responses received.