Tag Archives: UK Councils Have ‘Conflict Of Interest’ On Fracking – Report

UK Councils Have ‘Conflict Of Interest’ On Fracking – Report – 28 April 2014

RT logoLocal authorities in the UK who play a significant part in deciding the future of fracking in the country have made indirect investments in energy companies who would be responsible for drilling and extraction projects, the Independent reports.

Councils that have been picked out as responsible for potential fracking areas have assets in firms by way of their pension funds, according to the report published late on Sunday.
The newspaper pointed out that Lincolnshire County Council’s pension fund has 1.9 million pounds ($3.2 million) invested in French company, Total. Total was the first major oil company to make incursions into Britain with the intention of seeking shale gas profit.

Read the full story at: www.rt.com / link to original article

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