Briefing: Scotland’s Councils gambling millions on fracking

Scottish Councils invest £406 million in 23 fracking companies[1]. The investments are held through the Scottish Local Government Pension Scheme which provides pensions for local government and associated workers. Only Shetland’s Council pension fund, which is not invested in any company stocks, does not invest directly in fracking firms. Opening up new frontiers of fossil […]

Local councils are starting to go fossil free, and here’s how

UPDATE: In December 2016 Southwark Council, London, became the 4th council pension fund to divest from fossil fuels. The campaign to divest local councils from fossil fuels is making waves. The overwhelming majority of local governments’ investments lie in their pension funds (valued at £230 billion in 2015) and by pressuring councils to invest this […]