Dear Bellerinas, another week, another briefing bringing you exclusive news and views from our dear green city. We trust the sunbeams brought you some bliss over the weekend.
Robbie was in Edinburgh sheriff court on Friday, thankfully in the public gallery. He made the most of the weather, with a walk and a dook at Tyninghame — surely one of the finest sandy beaches in the lowlands; answers on a postcard if you can better it. He also enjoyed a sando and a bottle of booch at the allotment on Sunday: highly on brand. Calum, meanwhile, was doing what Calum does best, namely fishing for trout with his trusty Chow Chow in-tow, and wandering around the verdant environs of Dawsholm Park. The good weather is set to continue this week, so expect more earnestly wholesome nature updates from us anon.
Onto your briefing.
Big story: your pension fund could be investing in US oil and gas
The words “pension fund” might bore some to tears, but perhaps that’s because the term doesn’t convey their immense financial power. Strathclyde Pension Fund (SPF), for instance, manages almost £34bn for its roughly 300,000 members, which include employers such as Glasgow and North Lanarkshire councils, Scottish Water, the Scottish Police Authority and the University of Glasgow. In 2024, SPF “completed” its £9 billion investment change away from fossil fuels. Despite this, while managing investments in the best interests of its pension holders, is SPF undermining its own climate commitments and contributing to global warming in the process?
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