Give Teesside, Darlington and County Durham residents a voice

INVEST COUNCIL TAX IN GREEN JOBS AND INFRASTRUCTURE, NOT ยฃ16 BILLION FOR FOSSIL FUELS


Credit: Photo/Map: Arne Mรผseler / arne-mueseler.com / CC-BY-SA-3.0

Image used under Creative Commons licensing conditions:

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Available at: https://arne-mueseler.com/

Residents and workers who care about climate issues are being asked to support new campaigns to reduce and remove their local council pension funds' investment in oil and gas, including companies that are expanding extraction of fossil fuels.

There's never been a better time to ramp up the pressure, thanks to radical change leading up to April 2026. These include opportunities created in the new Pension Schemes Bill, the launch of a new national lobbying Better Pensions Coalition and this national petition - more info here

The Governmentโ€™s new pension law created 6 megafunds to invest on behalf of all local council pension funds. The megafund for Tees, Durham and Tyne & Wear funds is called Border to Coast Pensions Partnership (info here). It is based in Leeds and from April 2026 has expanded from 11 to 18 pension funds. This means that campaigners keen to reduce and end fossil fuel investment by pension funds can now work together in a larger campaign created to lobby BCPP.


This new campaign is called BCPP Fossil Free โ€“ itโ€™s already made its mark, organising protests, using established rights to question BCPP leaders and lobbying MPs. We urge climate campaigners who want to switch ยฃ billions out of fossil fuels (money that came from our pockets!) to get involved with BCPP Fossil Free. Thereโ€™s an online introductory meeting on 19 May (7.30pm) โ€“ register here: https://buytickets.at/bcppfossilfree/2136199/

Thereโ€™s more details here, including the BCPP campaign email address. Or join the campaignโ€™s GoogleGroup discussion area, by emailing bcpp-campaign@googlegroups.com.

Please get in touch if you would like to find out more: divest.tw@assembly.org.uk

Options to increase pressure on the local pensions funds:

  • write letters
  • attend pension fund quarterly meetings
  • sign national petition
  • support 25 Sept protest


Support is available from neighbouring divest campaigns, including Divest Tyne & Wear campaign (homepage) and also UK Divest, the national campaign group https://www.divest.org.uk/

You can find out more about Teesside and County Durham pension funds here:

 Teesside Pension Fund

    • UK Divest analysis here (assets ยฃ5.1bn; one of highest percentages of fossil fuel investment - estimate: more than ยฃ100m but good to check with pension fund)

    • most recent Annual Report here (80K members; council contributions)

 Durham Pension Fund

    • UK Divest analysis here (assets ยฃ3.6bn; percentage of fossil fuel investment lower than average, est: ยฃ30m)

    • most recent Annual Report here (24K members; council contributions - Durham ยฃ7m, Darlington ยฃ280K, other employers listed in Annual Report)

 
 Megafund used by both Tees and Durham pension funds: Border to Coast Pensions Partnership (BCPP)

  • 2026 assets following expansion: ยฃ110 billion, with a fossil fuel investment estimated at ยฃ2.5 billion
  • Our campaign's BCPP reps will be able to share recent info, including our questions presented at quarterly BCPP meetings
  • UK Divest analysis here (assets ยฃ60bn; fossil fuel investment estimate: ยฃ2bn)


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