West Sussex council invests in fracking....
/Although very relevant to Councils due to the conflict of interest, how many people really think about where their pension fund in invested? We were shocked to find out about the Council pension investments by West Sussex, Kent and Greater Manchester Councils.
To lobby your pension fund company directly using this website:
http://action.shareaction.org/page/content/greentlightlanding/
If you are a stakeholder in a Council pension, write to your Union and your employer... why are YOU supporting this?!
On West Sussex County Council's website it states: "The Pensions Panel has directed the fund managers, in acting in the best financial interests of the scheme, to consider, amongst other factors, the effects of social, environmental and ethical issues of the performance of a company when considering the acquisition, retention or realisation of investments for the scheme."
News sources:
http://www.theecologist.org/News/news_analysis/2295694/planners_pension_funds_set_to_win_from_fracking_permissions.html
http://www.theargus.co.uk/news/11038176.West_Sussex_council_invests_in_fracking_firms/
http://www.thanetgazette.co.uk/Kent-s-pension-links-fracking-firms-revealed/story-19939601-detail/story.html