(Tuesday 7th November) In response to the Government's announcement of legislation to support the future licensing of new oil and gas fields in the King's Speech, Catherine Howarth OBE, Chief Executive at ShareAction said:

“The King’s Speech was an opportunity for the Government to set out a comprehensive blueprint for a financial services industry that protects people, planet and wealth.

Recklessly, the Government has instead chosen to double down on fossil fuels with a new era of licenses for North Sea oil and gas. This is not the solution to the climate crisis threatening communities in the UK and around the world.

ShareAction urges the UK’s pension schemes, asset managers, banks and insurers to stay well away from this false solution and instead support the clean and green energy solutions that will protect our future.”