Media Partners | Contributors | Advertise | Contact | Log in | Sunday 24 October 2021
182,560 SUBSCRIBERS

The National Trust announces plans to sell fossil fuel shares

RATE THIS ARTICLE

Share This Article:

Despite awareness about the destruction of fossil fuels being raised, many companies still make a profit from their shares in the carbon products. However, the National Trust has decided it's time to put its money where its mouth is and no longer make money off climate change. 

Stefan Schäfer, Lich

Image Credit: Stefan Schafer, Lich via Wikimedia Commons

According to the BBC, 4% of the trust's £1bn stock market investment is currently involved in such firms.  

Although the Trust has set a target of three years for all changes to take place, it expects most shares to be sold after a year.

Such actions only reflect the policies and aims of the charity, with its main aim being to preserve and upkeep the UK's historic landscapes and places. On its website, the trust details its wishes for the government to create a bold and far-reaching Environment Bill. Within this demand it lists the necessity for such a bill to contain 'nature targets', 'world-leading environmental principles' and 'an independent watchdog'.

air pollution

Image Credit: Pexels via Pixabay

Many argue that halting our investment and reliance on fossil fuels could be the answer to stopping climate change. In 2017, The Guardian reported that only 100 companies were responsible for 71% of global emissions. 

It makes sense that in order to decrease these emissions, investments in such companies must stop. 

Jo Hodgkins , Wildlife Advisor to the National Trust states: "The UK's wildlife is in trouble, and we're seeing the effects of climate change at the places the National Trust cares for.

"The time is now to end the UK's contribution to climate change and pass ambitious laws that create a healthier environment for nature and people."

Lead Image Credit: Stefan Schafer, Lich via Wikimedia Commons




CONTRIBUTOR OF THE MONTH
Ranking:
Articles: 29
Reads: 153371
© 2021 TheNationalStudent.com is a website of Studee Limited | 15 The Woolmarket, Cirencester, Gloucestershire, GL7 2PR, UK | registered in England No 6842641 VAT # 971692974