Midlothian Council (UK) calls on local pension fund to divest

The Midlothian Council unanimously adopted a resolution last week calling on the local Lothian Pension Fund to divest from companies involved in producing nuclear weapons. This follows on from similar resolutions passed by Renfrewshire Council and West Dunbartonshire Council earlier this year.

The Lothian Pension Fund provides pension services for local government employees in Edinburgh and the Lothians area of Scotland. It is one of the largest in the UK, has over 85 associated employers and over 78,000 members. The Lothian Pension Fund is known to hold shares in companies that are involved in the production or maintenance of nuclear weapons or their delivery systems, including some that undertake work on the UK’s nuclear weapons programme.

The resolution adopted by the Midlothian Council calls on the Lothian Pension Fund to:

  1. Work towards eliminating current and future financial exposure to companies that are involved in the production or maintenance of nuclear weapons and their delivery systems, giving due regard to fiduciary duty.
  2. Council asks the Chief Executive to write to the convenor of Lothian Pension Funds pension committee to urge them to take full consideration of this resolution.

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How can I get my city involved?

Check the City Guide to Divestment

What are other cities doing?

New York City to discuss nuclear weapon divestment

On 28 January the New York City Council is holding a hearing on a package of legislation- joint hearing on Res. No. 976 and Int. No. 1621. The package of legislation represents a clear movement from the conceptualization of nuclear weapons in the Manhattan Project to finally banning the bomb by supporting the Treaty on the Prohibition of Nuclear Weapons. It also calls on NYC to divest all of it’s pension funds from any company associated with the production of nuclear weapons. Read more

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Midlothian Council (UK) calls on local pension fund to divest

The Midlothian Council unanimously adopted a resolution last week calling on the local Lothian Pension Fund to divest from companies involved in producing…

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West Dunbartonshire Council calls for nuclear weapons divestment

West Dunbartonshire Council, located close to Glasgow in Scotland, last week adopted two resolutions supporting the Treaty on the Prohibition on Nuclear…

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