Uncovering: BHP Billiton

By Rita Prokofieva

One of the companies included in Strathclyde Pension Fund‘s portfolio,  is BHP Billitonthe worlds largest mining company, measured by market value in 2015.

About BHP Billiton

  • It has the 6th largest reserves of coal in the world (source)
  • The company is primarily focused on the extraction of oil, coal, iron ore, gas production and copper, but is also produces silver, lead, uranium and zinc (source)
  • From the beginning of the industrial age, until 2010, BHP Billiton was one of the 90 companies responsible for 63% of global man-made greenhouse gas emissions 
  • BHP Billiton operates in 25 countries, Columbia’s case will be presented here.

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Fossil Free Future to Strathclyde Pension Fund

By Zivile Mantrimaite and Connie James

Fossil Free Strathclyde campaign just kicked off with a public meeting at Old Hairdressers, Glasgow, where those involved in the set up of the movement presented an introduction to the key components of the campaign.

This is a subject that can be tackled from many angles, with arguments stemming from environmental, social, and financial benefits. All of these arguments come together to create a truly engaging call for full divestment from fossil fuels. Following the introductory presentation the meeting opened up to a general discussion and ideas about the campaign.

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Public Meeting

Strathclyde Pension fund is the 2nd largest pension scheme in the UK, in terms of investment in the fossil fuel industry. It deals with 200,000 people who receive their pensions from over 200 organisations within the former Strathclyde area. The fund is worth close to £15 billion and £752 million of that is invested into fossil fuels. The fossil fuel industry is not only one of the main drivers of climate change but also has ethical implications.

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The aim of this campaign will be to reach a divestment from fossil fuels and later on reinvestment in responsible long-term solutions. But we are only at the start of this journey and would like to invite everyone for a public meeting.

During the first part of the meeting we will present the campaign, giving the moral and financial arguments for divesting. After that we will open up for any inputs, ideas or support from groups or individuals.

We would like to encourage everyone to come along, whether you are a curious individual or a concerned organisation.

Date: 13th of February
Time: 14:00 – 16:00
Place: The Old Hairdressers
20-28 Renfield Lane
G2 6PH, Glasgow

Hope to see many people there,
we are excited to share our ideas with you!