Neil Duncan-Jordan is the Labour MP for Poole.
We have identified 0 Parliamentary Votes Related to Climate since 2024 in which Neil Duncan-Jordan could have voted.
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We've found the following climate-related tweets, speeches & votes by Neil Duncan-Jordan
The local government pension scheme currently invests over £16 billion in fossil fuels, so we can see quite clearly that the voluntary approach to divestment has failed. Even now, ordinary working people’s wages—their hard-earned savings—are being channelled into accelerating a climate crisis that hits the global working class the hardest. Lords amendments 1 and 27 prevent the Government from setting down binding targets on certain investments, which makes it politically harder to bring down investments in fossil fuels. We know there is no retirement for any of us without a liveable environment. It sounds obvious, but that reality is not reflected in how pensions are currently managed, and the Government know this. Ministers in the other place acknowledge that investments in thermal coal—one of the most harmful fossil fuels—are high risk from both a climate and financial viewpoint. They are bad for the planet and bad for pension holders, who need stable, long-term investments.
This Bill was a major opportunity to redirect billions of pounds in workers’ pensions away from arms manufacturers and fossil fuel giants, and into investments that benefit the very people who are paying in. That means green energy.
Full debate: Pension Schemes Bill
The investments that we could make through our pension funds could go into green energy, which is the growth engine of the future, as well as into affordable and social housing, which is so needed in this country. That should be underpinned by greater democracy in our pension funds, so that workers have a say in where their money is invested. I believe that if that was the case, they would certainly choose to put it not into arms manufacturers or fossil fuels, but into decent homes for them and their communities.
Full debate: Pension Schemes Bill
We must accelerate the transition away from fossil fuels, even though some Members on the other side of the House seem to disagree with that. We must deliver long-term energy security and bring down bills through domestic green energy, but not only that. In this moment of deep crisis, the Government must pull every lever they can to lift the weight of the cost of living crisis, and that must include gearing our pension funds towards a fairer, more prosperous future.
Full debate: Pension Schemes Bill
Likewise, amendment 3 recognises that the voluntary approach to disinvestment in fossil fuels has not worked. The LGPS currently invests over £16 billion in fossil fuels, while 85% of all pension schemes lack a credible climate action plan. The environmental crisis is the great challenge facing us all. Workers’ wages should not be fuelling the climate catastrophe. Fundamentally, there is no retirement without our environment, and I hope the Government will emphasise that position to trustees more forcefully. We need a commitment from all LGPS schemes and pools to having a five-year plan to end their relationship with these harmful investments.
Full debate: Pension Schemes Bill
The Bill represents a timely attempt to create a system whereby fewer and bigger pension funds can provide better value for members and do more to support the UK economy. Key to this, though, will be ensuring that pensioners get a decent income in retirement, alongside creating the conditions that allow pension funds to invest in ways that benefit the UK, support good jobs and finance a just transition to a low-carbon economy.
The Bill needs to be strengthened on the issue of climate change and the destruction of nature. UK pension schemes continue to hold around £88 billion in fossil fuel companies, including those involved in new coal, oil and gas exploration, and have investments in companies linked to deforestation around the globe. Over 85% of leading schemes lack a credible climate action plan. Consolidating smaller pension pots into larger megafunds provides the ability to invest in long-term infrastructure projects, but that must not be at the expense of the environment.
Full debate: Pension Schemes Bill