Even before the COP21 Paris event, some UK investors were calling on companies and local authorities to divest from fossil fuel companies. With groups such as Go fossil free and Friends of the Earth (FOE) pushing the message to divest.
Also with organisations like the Intergovernmental Panel on Climate Change (IPCC) calling for most of the remaining fossil fuels to remain in the ground in their latest report IPCC 5th report. And Carbon Tracker’s report on Stranded assets danger zone, as well as others. The UK Government has increased subsidies for fossil fuels and pushing ahead with ‘fracking’.
The Government states it needs ‘fracking’ to ensure security of supply. But has shut down the last deep coal mine, in favour of imported coal? It is also heavily reliant on imported biomass, for incineration and co-firing? And new nuclear will be dependant on imported uranium imports?