Positive Action Group - Possan Jantys Jarrooagh

Open, accountable government, rigorous control of public finances, and a fairer society for all.

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PAG Event: ALWAYS follow the MONEY?

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ALWAYS follow the MONEY?

A Presentation by

Louise Whitelegg (IoM co-ordinator for Christian Aid)

Archibald Elliott (IoM Student Climate Network)

manx money

Manx Legion Club, Market Hill, Douglas

7:30 pm MONDAY 25th November 2019

The event is free and open to all

Following the money seems to be the policy of the IoM Government.

At almost the same time as announcing a climate emergency, along with aiming for carbon neutrality by 2050,Government persisted with an agreement to award a gas exploration licence in Manx waters. Further, if 'commercial accumulations of natural gas' are found, drilling will continue. The theory is that revenue raised from gas exploration will go towards funding green initiatives in the future.
All this at the same time each of us being encouraged to reduce our carbon footprint and dependency on fossil fuels. It all adds up to a confusing message for the public whilst we wait for the eagerly anticipated Curran Report
One measure our government could take is to withdraw our investments in fossil fuel companies i.e. divestment. The Manx government has £42 million held in gas and oil assets.†Douglas Borough Council has almost £1 million held in fossil fuels in its pensions portfolio.
Louise Whitelegg, IoM co-ordinator for Christian Aid, puts the case forward for divestment of fossil fuels.
"This is really the only sensible option, not only for the future of our planet but to avoid possible future liabilities and stranded assets. People ask what difference can I make in the climate debate, there are plenty of little things each of us can do but there is one simple thing we can all do to make a massive difference to our environment and that is to divest from fossil fuels"
Aided by researcher Archibald Elliott of the Isle of Man Student Climate Network, Louise will make the case for re-thinking our investment strategy to correlate with tackling the climate emergency.
The event is free and open to all.

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