News
£141m investment in fossil fuels criticised

MASS data released this week by Pembrokeshire Friends of the Earth (Oct 30) reveals that Pembrokeshire Council (as part of the Dyfed Council Pension Fund) has £64.8million of public money directly invested through workers pension funds in fossil fuel companies like BP and Shell with a further projected £76.5million in indirect fossil fuel investments.
The research shows that Pembrokeshire County Council has over 8% of its pension fund directly invested in fossil fuels, and money is invested into multinational fossil fuel companies including BP, Shell and BHP Billiton
Eleanor Clegg of Friends of the Earth said: “Many people working for Pembrokeshire Council will be concerned to learn that their future is tied up with such a risky and polluting industry. When governments do act to prevent dangerous climate change, the business model for fossil fuel companies will be over, and that day is fast approaching. And, if oil and gas companies keep on drilling in their final days, it will make climate change far worse – it is the right decision both financially and ethically for Pembrokeshire County Council to divest as soon as possible.”
This is the first time that the £231 billion investments of local government public money have ever been broken down and released publicly, and their exposure to fossil fuels quantified. The data shows that overall the 192 councils in the UK have £14 billion invested in fossil fuels via their pension funds. Three quarters of these direct fossil fuel shareholdings are in only ten companies, headed by BP and Shell.
80% of fossil fuel reserves need to remain in the ground to avoid catastrophic climate change. Consequently, there has been growing concerns about the long-term financial risks of fossil fuel investments. A recent analysis found that California’s public pension funds, CalPERS & CalSTRS, incurred a combined loss of over $5 billion in the last year alone from their holdings in the top 200 fossil fuel companies.
Friends of the Earth said in a statement: “This data offers the residents of Pembrokeshire the information they need to ask why the Council is choosing to invest in risky oil, gas or coal. Instead the Council could reinvest this money into building new homes, clean renewable energy or public transport.”
Eleanor Clegg also told The Herald: “Most fund members and taxpayers won’t be happy to learn that their money is funding climate change. As local residents we’ll be calling on the council to stand on the right side of history and divest from fossil fuels.”
She added: “Oxford and Bristol City Councils have already taken a lead in making fossil free commitments, joining 40 cities internationally and larger institutions like the Norwegian Government Pension Fund. There are 389 institutions globally – including universities, faith groups, health groups and governments – that have committed to divest. Local residents who would like to join the local campaign to convince Pembrokeshire Council to divest from fossil fuels should get in touch.”
A spokesman for Pembrokeshire County Council said in response: “Many commentators from the public and media get confused with the fact that it is the Dyfed Pension Fund and not Carmarthenshire, Pembrokeshire or Ceredigion individually. All investments are on behalf of the Dyfed Pension Fund – not any individual employer. There are approximately 50 employers in the fund.”
The spokesman added: “The Dyfed Pension Fund Statement of Investment Principles (SIP) details the Fund’s ‘Social, Environmental and Ethical Considerations’. Paragraph 5 states: The Pension Panel recognises that social, environmental and ethical considerations are among the factors which investment managers will take into account, where relevant, when selecting investments for purchase, retention or sale. The managers have produced statements setting out their policies. The managers have been delegated by the Panel to act accordingly.
“The Pension Fund is a member of the Local Authority Pension Fund Forum (LAPFF), which is one of the leading voices in corporate governance and responsible investment in the UK.
“Before making investments in fossil fuel companies the investment managers assess a wide range of factors, including, the political stability of the region where its reserves lie, the financial regimes it operates in, the life and quality of its reserves, its operational record, quality of the management, its financial strength, sensitivity to volatile energy prices and its market valuation.
News
Three injured in A477 crash near Cleddau Bridge

THREE people were taken to hospital following a collision on the A477 near Cleddau Bridge on Monday (Mar 17).
The crash, which involved three vehicles, happened shortly before 9:00am between Cleddau Bridge and Honeyborough roundabout. Emergency services attended the scene, and both lanes of the road were closed for nearly two hours.
One lane reopened at 10:45am, with the road fully cleared by 10:55am.
A spokesperson for Dyfed-Powys Police said: “Police attended a three-vehicle road traffic collision which occurred on the A477 just before 9:00am. Three people were taken to hospital with what are believed to be minor injuries.”
Community
Firefighters to rally against shift changes in Mid and West Wales

FIREFIGHTERS across Mid and West Wales are set to stage a rally in protest against changes to their working patterns, with concerns raised over the impact on work-life balance and mental wellbeing.
The demonstration, organised by the Fire Brigades Union (FBU), will take place at 9:30 am on Monday, March 24, 2025, outside the headquarters of Mid and West Wales Fire and Rescue Service on Lime Grove Avenue, Carmarthen.
The union has criticised senior management for pushing through a transition to 12-hour shifts, arguing that the change is being forced upon frontline staff without proper consultation. The FBU claims the new shift pattern will be particularly damaging to firefighters with caring responsibilities and could negatively affect both mental and physical health.
A spokesperson for the FBU said: “There is no justification for these changes. Senior managers are refusing to listen to the valid concerns of firefighters, who are already working in a high-pressure environment. This decision will make it even harder for them to balance their personal and professional lives.”
Around 80 firefighters are expected to attend the rally, with FBU officials also present. The event will provide opportunities for media coverage, including interviews, photographs, and filming.
The dispute over shift patterns comes amid wider concerns about resources and working conditions within fire services across Wales. The Herald understands that tensions have been growing between staff and management over what many see as a disregard for frontline workers’ welfare.
A response from Mid and West Wales Fire and Rescue Service has been sought.
The rally is expected to draw significant attention, with firefighters standing united against what they see as an unjustified overhaul of their working hours.
Farming
Rural digital connectivity: A catalyst for thriving farming

MAJOR investment across South West Wales will help narrow the digital divide between urban and rural areas in a boost for agriculture and remote communities.
Forming part of the Swansea Bay City Deal’s £25m digital infrastructure programme, a dedicated rural workstream is committed to delivering high-quality connectivity to places where the cost of connecting homes and businesses would otherwise be too high for commercial investment alone to be viable.
Investing in high-speed broadband in rural communities across Carmarthenshire, Neath Port Talbot, Pembrokeshire and Swansea would help enable the introduction of Internet of Things (IoT) technology to benefit businesses including farms.

This technology would help farmers monitor crops, livestock, machinery and environmental conditions remotely and in real time, potentially leading to improved decision-making, resource efficiency and cost savings.
Supporting initiatives such as UK Government’s Project Gigabit is also a key aspect of the digital infrastructure programme’s rural workstream. Local digital champions are on board to ensure communities are aware of when applications for voucher schemes are being accepted.
In addition to Government initiatives, the programme has developed the ‘Better Broadband Infill Project’, and a commercial partner is now being sought to build a gigabit-capable network to serve rural communities with broadband speeds of less than 30mbps which are not in existing commercial plans or interventions such as Project Gigabit.
With the rise of IoT in agriculture paired with the increased pressures to reduce waste and meet sustainability goals, access to high-speed internet will be critical for seamlessly connecting these technologies.
Rhys Jones, of Arwain DGC, said: “By collaboratively supporting investment in rural network connectivity, will help to enhance livestock health, raise production efficiencies and harness the future economic sustainability of local Welsh farmers. Innovation and Technology will be invaluable to secure the reputation of Welsh agriculture as leaders in animal health and welfare”.
“Rural connectivity is essential for long-term economic growth. When rural areas have access to reliable high-speed internet, it opens up a world of opportunities, and empowers rural communities to become more resilient in the face of future challenges”
Cllr Rob Stewart, Chair of the Swansea Bay City Deal’s Joint Committee, said: “As we look to a future where every industry, including agriculture, is seamlessly integrated into the digital economy, rural digital connectivity plays a pivotal role.
“The Swansea Bay City Deal digital infrastructure programme’s approach of working together with both the public and private sectors, alongside the UK and Welsh governments, is providing vital support to ensure that farmers and rural communities are equipped with the tools needed to overcome the challenges of transitioning to an increasingly connected world.”
Visit the case study page to watch a video on the importance of rural digital infrastructure and the future of farming.
For more information on broadband connectivity in your area, you can get in touch with your local digital champions. Funded by the Swansea Bay City Deal’s digital infrastructure programme, the digital champions are continuing to work closely with suppliers, their partners and the UK and Welsh governments to ensure that rural communities are better connected.
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tom
October 21, 2015 at 1:08 pm
the pension fund managers have a legal obligation to ensure a decent return, it’s not to support the green ecoterrorists idea of their perfect world where we rely on the sun and the wind like the good old days of scurvy, the plague and the black death
possible slight exageration to make my point – no different to the greenies there then
Flashbang
October 22, 2015 at 1:20 am
I thought most green investments were money losing enterprises massively subsidised by the taxpayer. Their stupid wind generators have disfigured the countryside especially in Pembrokeshire.