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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,...
Bribes, bulldozers and BP: what makes a gas mega pipeline?

Bribes, bulldozers and BP: what makes a gas mega pipeline?

Earlier this week, the Guardian’s Azerbaijani Laundromat investigation uncovered thousands of covert payments totaling £2.2bn from Azerbaijan’s ruling elite to prominent Europeans through a network of opaque British companies. Today, Platform and other organisations had a letter published in the Guardian, filling in the blanks in the story.  Azerbaijan is particularly keen to present a...
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...
Secret subsidy: Tens of billions in North Sea clean-up costs to be dumped on the public

Secret subsidy: Tens of billions in North Sea clean-up costs to be dumped on the public

North Sea oil has generated billions upon billions of pounds in corporate profit since drilling began in the 1960s and 70s. But as oil extraction shifts into decline, it becomes time to clean up the mess – the rigs, pipelines and platforms that dot the sea floor. A general principle in law and common sense is...
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...