Research conducted by Frack Free Greater Manchester has discovered that Salford and Trafford Councils are investing in fracking company iGas via the Greater Manchester Pension Fund. Both Councils have granted iGas planning permission to conduct exploratory drilling at different sites .
iGas lists Henderson Global Investors (HGI), a subsidiary of Henderson Group, as one of their five major investors  and Greater Manchester Pension Fund (GMPF) holds shares worth millions of pounds in the Henderson Group (HG) . The pension fund also invests in fracking companies operating in the US and Australia .
“But they have underestimated local opposition – we will not allow fracking to destroy our communities, not here or anywhere in the country.”
Robbie Gillett, from Frack Free Greater Manchester added, “We call on all local authorities who are considering planning applications for Unconventional Gas Extraction to divest their Pension Funds from all fracking companies.”
Trafford Council is due to consider an application from iGas to extend their planning permission for coal bed methane exploration at Davyhulme at a Planning Committee meeting on 9th January 2013. Frack Free Greater Manchester are concerned that neither Trafford nor Salford Council required iGas to conduct full impact assessments despite the serious risks to the environment, and lack of clarity about iGas’ operations at both sites regarding shale gas exploration.
Frack Free Greater Manchester is hosting a family-friendly event at the Barton Moss site on Saturday 21 December to raise awareness in the local community, with a photo opportunity at 2pm.
Contact: 07821 315 254 / 07858 614861 (Frack Free Greater Manchester Press)
Notes to editors
AGL Energy (Coal Seam Gas Aus) (£4m)
Apache Corp (US fracking) (£1m)
Centrica (Cuadrilla) (£4m)
Cliffs Natural Resources (US fracking) (£0.5m)
Devon Energy (US fracking) (£0.5m)
Duke Energy (US fracking) (£0.5m)
Endbridge Energy (US fracking) (£0.5m)
EOG Resources (US fracking) (£1.5m)
Noble Energy (US fracking) (£1.5m)
Schlumberger (US and UK fracking) (£12m)
Total fracking investments: £107.5m