I am writing to you as a concerned citizen, urging Redbridge Council to take immediate action to divest all pension funds from fossil fuels and invest in a greener future for its residents and future generations. The urgency of addressing climate change and transitioning to a sustainable future cannot be overstated, and divesting from fossil fuels is a crucial step in aligning our investments with our values and securing a livable planet for future generations.

Climate change is an existential threat that demands bold and decisive action. The scientific consensus is clear: continued reliance on fossil fuels is exacerbating global warming, causing irreversible damage to our environment, and contributing to the escalating frequency and severity of extreme weather events. The effects are being seen in Redbridge through flood events along the A12, fires on Wanstead Flats, and in the increasingly high levels of air pollution in the borough.   It is imperative that we rapidly reduce our greenhouse gas emissions and shift towards renewable energy sources to mitigate the worst effects of climate change.

We believe that Redbridge Council's pension fund should reflect a commitment to environmental sustainability, social responsibility, and long-term financial stability. By divesting from fossil fuels, we can send a powerful signal to the industry and society at large that we prioritize the health of our borough and the planet over short-term profits. Divestment is not only an ethical choice but also a sound financial decision, as fossil fuel investments face increasing risks and uncertainties associated with carbon pricing, regulatory changes, and technological advancements in renewable energy.

Furthermore, divestment from fossil fuels aligns with the values and aspirations of the wider community. Across the globe, cities, universities, religious institutions, and prominent organizations have divested their portfolios from fossil fuels, recognizing the urgency of addressing climate change and the moral imperative to act. By joining this growing movement, Redbridge Council can demonstrate leadership, inspire others to take action, and contribute to a sustainable and just future.

We respectfully request that Redbridge Council takes the following actions:

• Conduct a comprehensive review of our pension fund's investments, specifically identifying and assessing holdings in fossil fuel companies and related industries.
• Develop and implement a clear and time-bound plan to divest from fossil fuels, ensuring that this transition is carried out responsibly and in consideration of potential financial implications.
• Increase investments in clean and renewable energy alternatives, as well as sustainable businesses and industries that both supports growth in green jobs and the transition to a low-carbon economy.
• Provide regular updates and transparent reporting on the progress made toward divestment goals, keeping members informed and engaged throughout the process.

We understand that divestment is a complex process that requires careful consideration and evaluation. However, the urgency of addressing climate change necessitates immediate action, and we would hope that this divestment could be completed by 2025. By divesting from fossil fuels, Redbridge Council has the opportunity to be on the right side of history, protect the interests of future generations, and contribute to a more sustainable and resilient future. We urge you to take prompt and decisive action on this critical matter.

Thank you for your attention to this urgent issue. We trust that you will carefully consider our request and take the necessary steps to divest the council's pension fund from fossil fuels. We look forward to your positive response and the leadership you will demonstrate in addressing the climate crisis.