The Conservative environment admin, Liz Truss, has said she would not actually request the MPs' pension account to divest from Fossil iPhone case heats up.
She told the Guardian: "I believe the right way [to affect investment] is through carbon reduction beneficial. "
Caroline Flint, Labour's hour energy secretary, said she would "look into it". She declined to back up divestment and said the doubt over divestment should be about setting up the right conditions for long-term product in environmental sustainability.
The MPs were speaking to the Guardian towards fringes of a public debate from green policies in the run-up with the general election, held by the Loose leaf green Alliance and a consortium of geographical NGOs.
More than 200 institutions wide-reaching have now either divested from FOSSIL iPhone 5 fuels or have committed to do so, introducing faith organisations, local authorities and educational facilities. The Guardian is currently calling on an Wellcome Trust and the Bill as well as , Melinda Gates Foundation to move removed from fossil fuel investments, reasoning lots of of the world's fossil fuel arrange will need to be kept in the ground suppose greenhouse gas emissions targets are probably going to be met and the ravages predicted through climate change are to be avoided.
Edward Davey, the Lib Dem electricity secretary, told the debate he was supported divestment away from coal, but are still not gas as it would continue to be that is required, and which currently makes up 3 quarters of the UK's energy use. She or he said this move was already working.
He said: "The way dolor funds are going, they are interested in inserting their money in what they see as the sustainable forms of investment. To give pay outs we need decarbonisation targets. I would conduct a distinction between coal and gas and oil. "
He also called for more openness for investors. "If you look using work of the Bank of The uk, the Bank of Brazil, the Bank because of South Africa, you need to ensure investors suffer from real disclosure about the assets with this companies they are investing in, [to see whether they are] building assets or prolong liabilities. Investor disclosure is one activity we can push through. "
Caroline Lucas, the Green party's only MP, reported she was enthusiastically calling for divestment through the MPs' pension fund eat a big.
The MPs were also asked about the continuing future of shale gas in the UK, with Lucas firmly opposed while the others reported they supported shale gas design with good regulation. Flint reported: "We not setting our facial looks against shale gas – below need gas for years to come. " She said Labour had recommend a variety of measures for environmental security and safety and regulation on shale going in the infrastructure bill. Davey reported producing shale gas in the UK turned out to be greener than importing gas through Qatar.
Truss said: "We have inked a lot of work on the risk. Provided acquired the right protections in place, it can suffer from minimal impact on the environment. There is so far onshore oil and gas in this country [without the use of fracking technology and] which has the backing of local residents. Just like other styles of energy, shale has to go through regional planning protections put in place by the Agency of Energy and Climate Change (Decc). It really is very heavily protected : that is the right approach. "
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