SCOTTISH Ministers have announced three controversial pieces of research into fracking, fuelling fears the Government will back the disputed energy extraction method after the election. The work was unveiled on Friday and covers the decommissioning of fracking facilities and estimating the “seismic activity” associated with the technique.
Sunday Herald 14th Feb 2016 read more »
A DOZEN SNP MPs have backed a Green motion urging the Westminster Parliament to withdraw its multi-million pound pension funds from fossil fuel companies to help tackle climate pollution. This is despite a recent statement by SNP leader Nicola Sturgeon suggesting that she is opposed to the growing global movement to pull investments worth some £2.3 trillion from coal, oil and gas companies. More than 50 protests are being staged across the UK this weekend aimed at persuading more universities, councils and banks to withdraw money from climate polluters. In Scotland, the University of Glasgow and the United Reform Church are among those who have already decided to divest.
Sunday Herald 14th Feb 2016 read more »
Investors in fossil fuels are being warned that they may risk losing their money, because the markets for coal and liquefied natural gas are disappearing. In both cases it is competition from renewables, principally wind and solar power, that is being blamed for the threat. The cost of electricity from renewables continues to fall in Europe and Asia as the numbers of wind and solar installations grow in both continents, cutting demand for imported gas and coal.
Climate News Network 14th Feb 2016 read more »