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British health workers are set to challenge their pension funds over investing in tobacco firms following new legal advice.


The legal opinion from Mr Nigel Giffin QC, commissioned by a group of local authority pension funds, paves the way for fund members to propose divestment from tobacco holdings.


The crowd arrived early, queued and endured airport like security all eager to hear a specific playlist involving major issues like the continuing fallout from the Gulf of Mexico oil spill and the impact of Russia's aggressive actions in Ukraine on BP's shareholding in Rosneft.


Last night the US Coast Guard published its report into the running aground of Shell’s Arctic rig, the Kulluk, on 31 December 2012

It confirms what we and organisations like Greenpeace UK and Platform have long been saying: Shell’s risk assessment and management practices are simply not up to the task of Arctic drilling.


New research from YouGov, released on Ownership Day (March 25), reveals over half of British savers want their pension funds to take a stand and use their influence to make sure companies address issues of tax justice, poverty pay and extreme high pay.


Despite Shell’s indication that  securing permits and the readiness of its offshore Alaska fleet are the only obstacles in pushing forward with its Arctic plans, there are a number of factors which should form part of any decision to recommence Arctic drilling, not least costs,  warns ShareAction


In the wake of plummeting profits, spiralling exploration costs and increasing scepticism among other oil majors about commercial prospects in the US Arctic, pension savers across the UK are urging Shell shareholders to call on the company to abandon plans for high-cost, high-risk drilling projects in the US Arctic Ocean.