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MPs' Pension Scheme and Climate Change

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Thank you for contacting me about the Parliamentary Contributory Pension Fund (PCPF) and climate change. I would like to assure you that the Government continues to recognise that climate change is one of the most serious long-term economic threats that this country, and indeed the world, faces.

I am proud of the Government's record on addressing climate change. The UK has played a leading role as the world has worked towards a global deal to reduce greenhouse gas emissions.
 
The PCPF is a funded defined benefit pension scheme, managed by Trustees in line with scheme rules and any relevant legislation. The Independent Parliamentary Standards Authority is responsible for oversight of the scheme. Therefore, changes related to divestment would not be a decision for the Government.
 
I understand that following concerns raised in this area in 2015, the Chairman of the Board of Trustees, Brian Donohoe, stated that he had received legal advice indicating that to exclude a sector would be incompatible with the Trustees' legal and fiduciary duties of investment.
 
Thank you again for taking the time to contact me.

My Views

  • Agriculture Bill
  • Reopening of Schools
  • HS2 and the North
  • The NHS and Trade Agreements
  • The Trade Bill and New Clause 17
  • Prorogation
  • Support for Pubs and Alcohol Duties
  • Medicines and No Deal
  • No Deal
  • Newcastle United Football Club and the failed takeover
  • Food Standards and future trade deals
  • Supertrawlers
  • Driven Grouse Shooting and the Protection of Hen Harriers
  • British Airways
  • EasyJet and the proposed closure of the Newcastle Airport base
  • Assisted Dying
  • Yemen
  • Dominic Cummings and his wife and child
  • Bovine TB and Badger Cull
  • TV Licences
  • Nazanin Zaghari-Ratcliffe
  • Future NHS Funding
  • EU Nationals in the UK
  • Proportional Representation
  • Trade & Global Poverty Reduction
  • Acid Attacks
  • Animal Sentience
  • Animal Testing & Cosmetics
  • Asylum Support
  • European Health Insurance Card scheme (EHIC)
  • Firearms Legislation
  • Fixed Odds Betting Terminals (FOBTs)
  • Foreign Aid (Mail on Sunday Petition)
  • Future agricultural policy
  • Future fisheries policy
  • Health Education Funding Reform
  • Holiday Hunger Campaign
  • Homelessness Reduction Act
  • Immigration Detention for Victims of Torture
  • Israel and Palestine Debate
  • Leasehold Reform
  • Leveson
  • Lymphoedema Services Funding
  • MPs' Pay
  • MPs' Pension Scheme and Climate Change
  • Mental Health Policy
  • Online Gambling
  • Open University & Cuban Students
  • Organ Donation
  • Overseas voters
  • Parliamentary approval for final terms of the UK's Withdrawal Deal
  • Private Parking Companies
  • Public Sector Pay
  • Relocation of Unaccompanied Children from Europe
  • Repeal Bill
  • Sky and 21st Century Fox Takeover Bid
  • Sodium Valproate (Epilim) and Birth Defects
  • Stem Cell Donation (Anthony Nolan)
  • Student Finance (maintenance loans)
  • Student Loan Interest Rates
  • Student Voting (General Election 2017)
  • Support for Mortgage Interest (SMI)
  • Tax Avoidance (Corporate)
  • Tax Avoidance (Individuals)
  • Tuition Fees
  • Vet bills
  • Climate Change
  • Brexit
  • New refugee resettlement scheme
  • Immigration Bill
  • Hong Kong
  • The killing of George Floyd, Black Lives Matter, Policing, Protests, Statues, Public Health Report, and Amnesty International
  • Wood burners and open fires
  • New Coronavirus restrictions for the North East
  • Internal Markets Bill

Guy Opperman MP for Tynedale and Ponteland

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