Extract from report stage (Commons) of the Pension Schemes Bill - Nov 16
Tuesday, 17 November 2020 08:47
Shaun Bailey (West Bromwich West) (Con):...Many of the
organisations that perhaps would be impacted by this are actually
the organisations that we need to lead on these new green
challenges. As part of my research, I looked at some of the
organisations that we might think of as ones that may need to be
divested from. We looked at the oil companies like Shell BP, Texaco
and so on, and the work they have done—for example, that of Shell
on biofuels, or BP on renewable energy in homes. I claim...Request free trial
(West Bromwich West) (Con):...Many of the organisations
that perhaps would be impacted by this are actually the
organisations that we need to lead on these new green challenges.
As part of my research, I looked at some of the organisations that
we might think of as ones that may need to be divested from. We
looked at the oil companies like Shell BP, Texaco and so on, and the
work they have done—for example, that of Shell on biofuels, or BP on renewable
energy in homes. I claim no interest—people can google it, see it
and find it—but I think we risk a real unintentional consequence
here of actually going backwards and almost shooting ourselves a
bit, because by divesting from those schemes we inhibit the work
that we need to solve this climate crisis...
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