Drop Blackrock from the Torfaen run Pension Fund
Torfaen Borough Council run the Torfaen Pension Fund into which thousands of workers pay their pension contributions.One of the investment managers for this fund is Blackrock.Blackrock are heavily implicated in the ongoing destruction of the Amazon rainforest and other environments in the world.They have investments in soya production,cattle ranching,paper and pulp,oil drilling etc.They have been exposed by Friends of The Earth USA,Amazon Watch and Greenpeace for significantly contributed to the global catastrophe and climate change. There is a report entitled "Blackrock's Big Deforestation Problem "on www.amazonwatch.org and also reports on Blackrock's detrimental impact on the environment and biodiversity on www.stopthemoneypipeline.org
Given the above and the fact that activists combatting forest destruction in the Amazon rainforest have been murdered l think Torfaen Borough Council should drop Blackrock for managing its Pension Fund. I daresay the workers will think the same given that they are informed of the facts. This is a deeply ethical and moral issue which cannot be excused simply by stating that "we can't drop Blackrock because we would loose millions of pounds"! Since when have we put the future of our children and the planet before profit? Tell me what price our beautiful Earth? So l ask you to display this idea so that the good people of Torfaen can vote on its implementation.
Why the contribution is important
It is of vital importance because we have a rather obscene situation whereby workers pension contributions are profiting an investment company called Blackrock who are destroying the planet along with our children's futures and wellbeing.
by TerryBanfield on November 10, 2020 at 12:16PM