Casimir Posted September 26, 2015 Report Share Posted September 26, 2015 http://gofossilfree.org/uk/pensions Quote Link to comment Share on other sites More sharing options...
Ghostrider Posted September 26, 2015 Report Share Posted September 26, 2015 Who cares where the Council invest, their job is to provide VFM local services, not be the ethical or moral police. It begs the question too, what in hell is any Council doing with monetary investments anyway, they should get the absolute minimum they need to finance the services they provide and not one penny more, they're not empowered to be a "Bank", which is how they're behaving. George. 1 Quote Link to comment Share on other sites More sharing options...
MuckleJoannie Posted September 26, 2015 Report Share Posted September 26, 2015 This is investment by the SIC pension fund, not the SIC. As a large part of Shetland's prosperity depends on fossil fuels I would think it would be hypocritical not to invest in oil companies. Anyway as an SIC pensioner I need the income from the shares to maintain my lifestyle Quote Link to comment Share on other sites More sharing options...
RileyBKing Posted September 26, 2015 Report Share Posted September 26, 2015 Plus pension fund trustees have very clear legal obligations in discharging their duties for the benefit of the pension scheme members. If it were to be shown that their investment decisions were based on reasons other than in the interests of members, they would then leave themselves exposed to legal action, and quite rightly too. Quote Link to comment Share on other sites More sharing options...
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