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Strathclyde Pension Fund denies it has backtracked on divesting from fossil fuels

£24bn Strathclyde Pension Fund agrees to put fossil fuel firms on notice

Campaigners had called for the £24bn fund to divest from fossil fuels altogether, but instead a climate test will be used SCOTLAND’S largest local government pension fund has said it will drop investments in fossil fuel firms that fail to act on the climate emergency following calls from protesters. Protesters gathered in Glasgow’s George Square on May 29 and 31 urging the city’s pension fund to end its £508 million investments in coal, oil and gas companies to tackle the worsening global warming crisis. While the £24 billion Strathclyde Pension Fund has agreed to divest from companies which “don’t take their responsibilities on carbon or climate seriously”, it has not said that it will drop fossil fuels from its portfolio altogether.

Strathclyde Pension Fund to set standards for fossil fuel firms after pre-COP26 calls

Letters: Let us look forward to the day when we can once again revel in the People s Palace and its Winter Gardens

ON the first Gray Day (February 25, as featured in the Herald Magazine article What a difference a day makes, February 20), it is worth remembering that it was Alasdair Gray who first prised open the doors of the Winter Gardens of the People s Palace, Glasgow Green, in 1978 after 12 years of closure, with his Continuous Glasgow Show. This was an exhibition of 30 portraits of contemporary Glaswegians, known and unknown, painted by Gray, who had joined the museum staff on a Jobs Creation programme. At that time the People s Palace was in poor condition with a low visitor profile. The Winter Gardens had been closed in 1966 pending demolition.

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