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Special Investigation Planners' pension funds set to win from fracking permissions
Two Councils at the front line of fracking protests - Greater Manchester and West Sussex - have pension funds investing in the major fracking operators - while decisions on planning applications to frack are pending.Whether or not we hold any stocks in our pension fund will not alter any planning decision that we do or do not take.
The findings - which have emerged from a special investigation for The Ecologist - reveal a serious conflict of interest as the value of planners' pensions could be affected by the decisions they are making.
West Sussex County Council Pension Fund (WSCCPF) invests in IGas, Celtique Energie - and Cuadrilla, which made the news headlines in the summer at Balcombe.
Greater Manchester Pension Fund (GMPF) has the same interests in the big three with IGas currently facing protesters at Barton Moss near Salford.
http://www.theecologist.org/News/news_analysis/2295694/planners_pension_funds_set_to_win_from_fracking_permissions.html
