The UK is providing £356m annually in coal subsidies, despite the UK Government denying that it provides financial support for fossil fuels, a new report has claimed.
Edie 8th May 2017 read more »
A campaign calling on parliament’s £612m pension fund to divest from fossil fuels has won the backing of 50 MPs from across the UK’s main political parties. The Divest Parliament campaign has announced it has secured support from a cross-section of MPs from Labour, the Conservatives, Lib Dems, Greens, SNP, SDLP and Plaid Cymru, who are all urging the Parliamentary Contributory Pension Fund (PCPF) to show greater leadership on tackling climate change. The MPs, all of whom are seeking reelection next month, are demanding that the fund upholds its “fiduciary duty and take the financial risks of climate change seriously” by disclosing and limiting its exposure to fossil fuels in its investments.
Guardian 8th May 2017 read more »