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Data release: UK councils invest £16.1 billion in fossil fuels

Data release: UK councils invest £16.1 billion in fossil fuels

Press enquiries contact: Anna Galkina / Platform / @PlatformLondon 07942044472 / [email protected] Full dataset available online. Councils invest £16.1 billion of pensions into fossil fuel companies out of a total of £289.9 billion, new data reveals No significant change on 2015 investments, despite pressure to take climate risk into account Manchester, Dumfries and Galloway, Torfaen,...
Council workers' largest trade union votes for divesting pensions

Council workers’ largest trade union votes for divesting pensions

After two years of impressive mobilisation by UNISON grassroots members across England, Scotland and Wales, the trade union has officially taken on fossil fuel divestment policy. Yesterday the union’s National Delegate Conference voted unanimously to seek divestment of Local Government Pension Schemes from fossil fuels over five years giving due regard to fiduciary duty UNISON...
Council workers’ largest union commits to divesting pensions from fossil fuels

Council workers’ largest union commits to divesting pensions from fossil fuels

Full text of UNISON motion (pdf). UNISON to “seek divestment of Local Government Pension Schemes from fossil fuels over five years giving due regard to fiduciary duty” Local government pensions have £14 billion invested in oil, coal and gas UNISON is the largest organisation representing pension-holders working for local government The largest body representing local government...
Hackney Council as the climate vanguard - or is it just a laggard?

Hackney Council as the climate vanguard – or is it just a laggard?

Hackney Council is voting tonight on its investment policy regarding fossil fuels and climate change. After years of campaigning by Divest Hackney and lots of media attention, this Tuesday is the big day for the Pensions Committee. But despite the hype and the repeated delays, the proposals are pretty disappointing. Hackney Council has £42 million in fossil...
Today's oil drilling round could bust us through UK’s climate limits

Today’s oil drilling round could bust us through UK’s climate limits

The UK government is pushing a massive new offshore drilling programme, that will take the UK beyond its climate limits. Oil companies had until 2pm today to bid for 1200 blocks covering large swathes of the sea off North-west and North-east Scotland and England. This is the the 29th Offshore Licensing Round, and it aims to identify hundreds of millions in...
Subsidising spills - British public pays BP $300 million to drill and spill

Subsidising spills – British public pays BP $300 million to drill and spill

BP came under criticism this week when it caused a 95 tonne oil leak from its Clair Field into the North Sea. The company decided not to clear up the spill, and wait for the oil to wash further out to sea. The new spill comes as BP no longer pays net taxes to the...
Power Station Giant Down... and commemorate!

Power Station Giant Down… and commemorate!

Last Wednesday, at 11am, another giant landmark in the history of UK fossil-fuel power crashed to the ground. Never mind a landmark, this was also a giant seamark that aided navigation at the start of the Thames and Medway estuaries for hundreds of vessels every day. Its end came with two huge bangs that juddered...
Drawing Red Lines - from Paris to Ffos-y-fran

Drawing Red Lines – from Paris to Ffos-y-fran

I watched the twitter feed and followed the news early last December filled with a mixture of excitement at what unfolded in Paris and mild envy of companions who were immersed in the ebb and flow of events around COP 21, the 21st Conference of the Parties to the UNFCCC. As the reports of the...
“You come from the premise that we are guilty already” - notes from the BP AGM 2016

“You come from the premise that we are guilty already” – notes from the BP AGM 2016

Bob Dudley, Chief Executive, who appears tired, pale and jowly, looks up from his notes and addresses a set of questions that have been put to the Board. This particular set from delegates at the Annual General Meeting of BP, are grouped together under the bracket of ‘concerned with climate change’. He peers out at...