The Environment Agency’s pension fund has urged BP and Royal Dutch Shell to invest in renewable energy and do more to tackle climate change.
The government-backed agency’s £2.5bn fund has teamed up with more than 150 other investors, including the Church of England and several large local authority pension funds. They have filed shareholder resolutions urging both oil companies to take more action on global warming.
“It was an easy decision,” said John Varley, chairman of the Environment Agency pensions committee. “We believe that it is vital to manage climate risk within investments and that all shareholders have access to clear information to assess how these companies are managing risk and protecting shareholder value.”
They are oil extracting companies – that is what they do. You would have thought with a former oilman as CEO, the Church of England would have more common sense.
Other companies make windfarms, hydo-electric etc. If that is what you want, invest in them. That is what they do.
Duh!
#1, I can’t speak about Shell, but BP already invests heavily in renewable energy.
#3 A bit I grant you; though they do have a rather greenish flower as a logo.
If you want to invest in renewables, there are probably other alternatives.
‘Church of England invests in The Cascades to encourage alternatives to concrete’.
‘Church of England invests in Wonga to discourage payday lending’.
‘Church of England invests in million pound georgian rectories to discourage bishops living in castles’.
Oh well.
[blockquote]‘Church of England invests in million pound georgian rectories to discourage bishops living in castles’.[/blockquote]
Oh Pageantmaster.
You’re just [i]hateful![/i]
And [b][i]divisive![/i][/b].