The Parliamentary Pension Fund provides pensions for all MPs and ex-MPs. At present, we're not even sure what it is investing in, which makes it rather difficult to assess whether it is appropriately responding to the new pressures and risks from climate change.
Climate change is one of the most pressing problems of our age, causing vast disruption and suffering particularly to the poorest parts of the world. We will be judged harshly by history if we do not take urgent action right now. The main driver of climate change is our continuing use of fossil fuels, so we must accelerate the transition to clean technologies. That means changing where our money goes.
I believe the Trustees of my pension fund should respect the Paris Climate Agreement and their own fiduciary duty by taking the increasing risks of climate change seriously and outlining and reviewing any investments into fossil fuels, with a commitment to phasing them out over an appropriate time-scale. That money can go instead towards the high-tech low-carbon technologies that will power us into a better future.