Extract from Commons debate on Net Zero Carbon Emissions: UK’s Progress - Feb 28

...Fossil fuels have been the energy leader for 200 years, so they have seeped throughout our society and our economies. Whether we are talking about the City, our banks, our pension funds or hedge funds, fossil fuels are entwined with their investments in a very deep, profound way. In our stock markets, we have Shell and BP, which are very successful companies, but a significant part of someone’s pension may well come from the returns expected from a BP or a Shell investment. That is the challenge that we face. If we are to green our economy, we really must get serious about finance...

To read the whole debate, CLICK HERE