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Mulholland calls for support for divestment in fossil fuels industries

1 Mins read
BT Coleraine

Councillor Angela Mulholland has agreed to sign the Fossil Free Northern Ireland Pledge which supports divestment in fossil fuels.

She said:

I am extremely concerned about that over £300 million has been invested in fossil fuel and fracking companies by the Local Government Pension Scheme for Northern Ireland. (LGPS NI) which is undoing the good work in developing green energy.

This surely runs contrary to our campaign to generate green energy to reduce the horrendous damage being done to the environment.

She continued:

People will be aware that we have had the wettest period for a very long time and few will argue that this is not about climate change.

On the international stage, few will have missed the destruction taking place in Mozambique, Malawi and Zimbabwe and again caused by climate change.

It is unacceptable that our local councils are investing so much money in fossil fuel companies that are driving climate change and air pollution and putting our future in danger.

But they are doing much more than that. Our health is being damaged to the extent that it is estimated that 500 people die here in Northern Ireland as a direct result of air pollution.

She concluded:

Fossil fuel companies, funded by local government pension schemes, should be cutting back on proven gas, oil and coal reserves but instead, they continue to explore for even more fossil fuel reserves and for that reason I am happy to sign the Fossil Free Northern Ireland Pledge and would encourage other candidates to do likewise

I am also writing to the National Association of Councillors (Northern Ireland Region) asking it to publicly call on LGPS NI to end its investment in fossil fuel companies.

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