Falkirk Council’s pensions committee has decided that stopping investment in fossil fuel companies altogether is too simple a solution for such a complex issue.
Members of the committee were told that divestment was not an effective way to make “real world” change happen and should be kept as a last resort.Instead, they should be working with firms and like-minded investors to help force change in company behaviour, while protecting jobs and communities by moving towards ‘a just transition’ away from oil and gas.Falkirk Council’s finance manager, Bryan Smail, said: “What’s your objective?
Is it to make a statement or a gesture or are you actually looking to make real change on the ground?“That’s the question each of us need to ask ourselves
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