#Fracking – frack-free Islington – hopefully
My reply to Richard Watts, Mayor of LB Islington, about
Frack-free Islington (his email to me)
Dear Richard
thank you for your comprehensive reply.
I wouldn’t completely ignore the chances of companies wanting to frack under London – there have already been applications (turned down fortunately):
I’m glad that my council (LB Islington in case you wondered) is making progress in the move away from climate-damaging energy – however despite your optimism about the pension fund, it seems there is still much to be done there. The latest figures published by gofossilfree.org shows some fairly sobering facts:
Total fund size: £1,262,711,448
Total fracking investments: £31,313,047
Direct investments: £25,946,752
Estimated indirect investments: £5,366,295
% Invested in fracking: 2.48%
Top fracking investments
BP — £10,289,723
Shell — £10,186,874
BHP Billiton — £3,196,183
ConocoPhillips — £2,273,972(from https://gofossilfree.org/uk/divest-fracking/ )
What chance is there of more progress on the divestment front?
Going Green in Pooterland 
Adam Hardy 8:44 pm on September 10, 2018 Permalink |
In reply, Richard Watts mentioned: “The Council has asked its Pension Fund Advisers to pull together all our options for reducing the Fund’s carbon footprint so that they can be discussed in public at the December Meeting of the Council’s Pension Fund. I hope this helps to address your concerns.”