Laura Sharman 03 September 2018

Council pension funds invest £9bn in fracking industry

Council pension funds invest £9bn in fracking industry image

More than £9bn is being invested in the fracking indistry by council pension funds, new figures have revealed today.

The data, published by 350.org, Platform and Friends of the Earth, found the Greater Manchester Pension Fund invests the largest amount in the fracking industry at almost £1bn.

The figures show that Dumfries and Galloway, Greater Manchester and the London Borough of Merton have the highest percentage of their pension funds invested in fracking.

Deirdre Duff, divestment campaigner with Friends of the Earth, said: 'UK councils should know better than to invest in fracking companies. These companies are inflicting their fracking operations on communities around the world, and this can have significant impacts.

'Many UK councils have rightly opposed fracking in their own area – however it is shocking that they still support the global fracking industry. We should remember too that the climate change caused by fracking will affect us all, no matter where the fracking is conducted.'

Highways jobs

Head of Effective Practice and Quality Assurance

North Yorkshire County Council
£57,933 to £68,850
Are you ambitious, passionate and driven? We are! North Yorkshire
Recuriter: North Yorkshire County Council

Team Manager

Brent Council
£51,450 - £54,597 p.a. inc.
Excellent social work service that enables our children and young people to fulfil their potential and achieve positive outcomes. Wembley, London (Greater)
Recuriter: Brent Council

Social Worker

Brent Council
£31,548 - £41,706 p.a. inc.
We look forward to receiving your application. Brent, London (Greater)
Recuriter: Brent Council

Level 2 Business Administration

London Borough of Bexley
£8,042 per annum
Level 2 Apprenticeship in Purchasing. Bexley (City/Town), London (Greater)
Recuriter: London Borough of Bexley

Senior Practitioner - CYPDS

Camden London Borough Council
£40,028 - £46,431 per annum
Looking for a super talented, dedicated, highly motivated Senior Practitioner who is keen to progress and share our... Camden, London (Greater)
Recuriter: Camden London Borough Council

Local Government News

Latest issue - Local Goverrnemnt News

The March issue of Local Government News explores alternative funding channels that are available to councils beyond the Public Works Loan Board, what hurdles merging councils face in coming together, and how local government is handling GDPR.

This issue also has a special highways and street lighting section exploring how councils can use lighting to embark on their smart city journey and using IoT technology to weather the storm.

Register for your free magazine