To receive any questions or petitions.
Notes:
1. The deadline for Member’s questions is 12.00pm four working days before the meeting (4 June 2018).
2. The deadline for public questions is seven days before the meeting (1 June 2018).
3. The deadline for petitions was 14 days before the meeting, and no petitions have been received.
Minutes:
e.
Question by Stephen McDonald:
I referred firstly to an extract from a LAPFF report
produced in conjunction with Carbon Tracker which states in
its’ introduction, “most oil companies seem to plan
their business on the assumption that the action on climate change
needed to deliver a 2deg C scenario will not emerge in the
foreseeable future”
I
added, “the SPF know this only too well as the Shell website
reveals some 21 new fossil fuel extraction projects supported by c.
£ 60 million of Surrey Pension Fund
investments”
My question was, “If we assume that the Pension Fund
Trustees supported by a range of different Pension professionals
are aware of the outcomes of their investment decisions, could the
committee tell me what is the environmental outcome of the £
130 million currently invested in the fossil fuel
industry?”
It would make the point that an environmental outcome would be
expressed in environmental terms; temperature, flooding, extreme
weather events, sea level rise, ecosystem breakdown
etc.
This question
was not answered in section 4 of the meeting (questions and
petitions) and was referred forward to the carbon asset exposure
review section. Nor was in answered in this section.
It was noted that a response to these supplementary questions would be provided in writing after the meeting and attached to the minutes as Annex B.
Supporting documents: