Tag: GREENWASHING

Book Festival: Greta Thunberg event CANCELLED

THE Edinburgh International Book Festival has announced that Greta Thunberg’s event, which was due to take place on Sunday 13 August, will no longer go ahead.

Greta Thunberg said: “I am unfortunately unable to attend the Edinburgh Book Festival. As a climate activist I cannot attend an event which receives sponsorship from Baillie Gifford, who invest heavily in the fossil fuel industry.

“Greenwashing efforts by the fossil fuel industry, including sponsorship of cultural events, allow them to keep the social license to continue operating. I cannot and do not want to be associated with events that accept this kind of sponsorship.”

Nick Barley, Director of the Edinburgh International Book Festival, said:“While I am disappointed that Greta will not be joining us on the 13 of August, I fully respect her decision. I share Greta’s view that in all areas of society the rate of progress is not enough.

“However, in applauding Greta for standing by her principles, we too must stand by ours.

“The Book Festival exists to give a platform for debate and discussion around key issues affecting humanity today – including the climate emergency. As a charitable organisation, we would not be in a position to provide that platform without the long-term support of organisations such as Baillie Gifford.

“We strongly believe that Baillie Gifford are part of the solution to the climate emergency. They are early investors in progressive climate positive companies, providing funds to help them grow. While they acknowledge there is still work to do, we have seen them make rapid progress throughout our 19-year relationship.

“I apologise to all the people who bought tickets and were keen to meet Greta – and especially to the hundreds of young climate campaigners who we had invited to come along because of their hard work to change the system in Scotland. We will of course refund all ticket-buyers in full.”

Baillie Gifford said: “We are not a significant fossil fuel investor. Only 2% of our clients’ money is invested in companies with some business related to fossil fuels. This compares to the market average of 11%. Of those companies, some have already moved most of their business away from fossil fuels, and many are helping to drive the transition to clean energy.

“We are investing on behalf of our clients to grow their savings and retirement funds. When we invest in companies on their behalf, we do so over long time periods – typically 10 years or more – so this has naturally led us away from traditional fossil fuel firms. Currently, 5% of our clients’ money is invested in companies whose sole purpose is to develop clean energy solutions.

“We believe in open debate and discussion which is why we are long-term supporters of the Edinburgh International Book Festival.”

Prime Minister to highlight Scotland’s place in securing Britain’s long-term energy security

‘Greenwashing’, say environmental campaigners

  • Prime Minister visits North East Scotland, highlighting the central role it will play in defending the UK against disrupted global energy supplies.
  • There he will also meet with key figures in the energy sector and will visit critical infrastructure projects which will help grow the economy, reach Net Zero, and deliver the next generation of highly skilled jobs for young people in the region.

The Prime Minister will today confirm that Scotland will continue to be at the forefront of UK Government plans to strengthen the UK’s long-term energy security.

During a visit to the North East of Scotland, the Prime Minister will highlight the crucial role that the region will play in enhancing and delivering on the UK Government’s commitment to reaching Net Zero in 2050 and enhancing long term energy security for generations to come.

The UK is leading international efforts by setting ambitious net zero commitments, ramping up the transition to clean energy, reducing total greenhouse gas emissions by 32% since 2010, whilst bringing down energy bills and supporting households.

It is expected that the UK Government and energy authorities will go further than before in announcing continued decisive action to:

  • Boost the capability of the North Sea industry to transition towards Net Zero;
  • Strengthen the foundations of the UK’s future energy mix;
  • And create the next generation of highly skilled green jobs.

The Prime Minister will also meet with key energy industry figures and companies at the forefront of delivering the UK’s energy needs, as well as the next generation of highly skilled people who are working on the projects of tomorrow.

The UK Government says the package ‘will also underpin that Scotland remains a cornerstone of government plans for an energy-independent UK, as well demonstrating what can be achieved due to the strength and scale of UK collective action, in defending the public against global energy supplies which have been disrupted and weaponised by Putin’.

Environmental campaigners have condemned the plans, however. Friends of the Earth Scotland regards carbon capture and storage (CCS) as an attempt to ‘greenwash’ the oil industry and pointed to the long history of failure of the technology. 

They say that instead of giving more public money to oil firms it should be invested in climate solutions that work today and can improve people’s lives such as public transport and home insulation. 

Shell is a key partner in the Acorn project. Last week the fossil fuel giant announced profits of £3.9billion for just the last 3 months, on top of the £32.2 billion profit in 2022. Despite this vast wealth, the Acorn project appears to be totally reliant on further public subsidy to progress. 

Friends of the Earth Scotland head of campaign Mary Church said: “Carbon capture is a greenwashing tactic by profit obsessed fossil fuel companies to try and keep their climate-wrecking industry in business.

“CCS has a long history of over-promising and under-delivering yet politicians have fallen for the spin rather than face reality that the only solution to the climate crisis is a fast and fair phase out of oil and gas.  

“Funding for the Acorn project would be yet another massive public subsidy to oil companies who have been making billions in profits, while ordinary people are struggling to pay the bills.

“Instead of handing more money to polluters, it is time to redirect that investment to climate solutions that we know can deliver emissions cuts and improve peoples’ lives today – such as improving public transport and insulating people’s homes to help with energy bills.”