Reduction in fossil fuel investment call

LIVERPOOL Friends Of The Earth (FoE) and Merseyside Environmental Trust (MET) are greatly encouraged by, and strongly support, recent announcements from both the Merseyside Pension Fund to reduce investment in the increasingly risky fossil fuel market, and from LCR Mayor, Steve Rotheram, in making it clear that there is no justification for fracking in the City Region

Both announcements back the growing recognition, nationally and regionally, that the wellbeing of future generations, and of the environment, can only be assured through a concerted investment in ‘green’ or ‘low carbon’ technologies.

Wind, tidal and solar technologies have an economically sustainable future; fracking does not.

Fracking proposals in Lancashire and Cheshire have been strongly opposed by local communities because of the environmental damage they will cause, while scientists have told us we need to be getting out of fossil fuels altogether

Furthermore, studies by both FoE, and the trade unions’ ‘One Million Climate Jobs’ campaign show that a future regional employment market consisting of thousands of skilled jobs will be created through a growth in sustainable energy.

The declining fossil fuel industry can make no such offer: in fact, fracking increasingly is being confirmed as a belated non-starter representing a lifestyle that is rapidly becoming history