,Lib Dems demand Cardiff Council removes Russian investments

Lib Dems demand Cardiff Council removes Russian investments

Following the horrific news of Russia invading Ukraine, Local Liberal Democrat Councillor Rhys Taylor has written to Cardiff Council to ask that it’s pension fund sell any shares it may hold in companies that have invested in Russia.

“Like so many other local people, I am sickened by what is happening on the streets of Ukraine and our own pension fund should make its feelings clear by divesting any assets it holds in companies with Russian investments.

“I believe our council’s pension fund should also take a stand, and if it does hold any shares in Russian companies – or those who have invested in Russia - to divest without delay.

“Others have taken action – the Church of England is divesting its £20 million in shareholdings in Russian companies and BP is selling its 19.75% stake in Russian oil giant Rosneft, and Shell is divesting from Gazprom. I encourage local government pension schemes to divest any shares they hold”.

Leader of the Welsh Liberal Democrats, Jane Dodds MS added:

"Vladimir Putin must pay a terrible price for his entirely unprovoked decision to invade Ukraine. We must stand with the people of Ukraine, and enact the most punitive of severe sanctions upon the Russian regime.

“It’s time to end the era of Russian interference in this country. Welsh companies, public bodies and pension funds should be looking closely at their financial links to Russia and doing the right thing.”

Comments

Calls for Labour to Go Further on War on Plastic

The Welsh Liberal Democrats have called on Welsh Labour to be more ambitious in its war on plastic and introduce a bottle deposit scheme in Wales. While welcoming the long-delayed plans to ban single-use carrier bags and plastic drinking straws in Wales, the Welsh Liberal Democrats said there was more to be done. Under legislation introduced today, single-use carrier bags, plastic drinking straws, plastic plates, cutlery, stirrers and cotton buds would all be banned under the proposed new law. Research from Wrap Cymru estimates that 400,000 tonnes of plastic waste are generated in Wales each year, with 67 per cent of that waste being packaging. Another report by the Marine Conservation Society found that there were 29 drinks containers for every 100 meters of beach in Wales. A Deposit Return Scheme, also known as a bottle deposit scheme, encourages people to recycle drinks containers such as plastic or glass bottles. People pay a small deposit f...

Wales Hosepipe Ban – Criticism of Welsh Water Over Large Bonuses While Infrastructure Creaks

Following the news that people in some areas of Wales could face a hosepipe ban this summer, the Welsh Liberal Democrats have criticised Welsh Water for paying large bonuses to its bosses while infrastructure creaks. Data from Ofwat, the Water Services Regulation Authority, showed that 169.9 megalitres/day were being wasted through leakage in Welsh Water’s network during 2020-21. The company also failed to meet its Per capita consumption (PCC) targets which are designed to push for less water to be taken from the environment. The Welsh Liberal Democrats say that their analysis of Company House data shows that executives at Dŵr Cymru were paid £2.6 million in 2020 and 2021 including £931,000 in bonuses, benefits and inc entives. Commenting Welsh Liberal Democrat Leader Jane Dodds said: " We cannot control the hot and dry weather, but we can control wastage through outdated or poorly-maintained infrastructure. “Welsh Water brands itself as “no...

Ed Davey pays tribute to Her Majesty The Queen in Parliament

Ed Davey, Leader of the Liberal Democrats, paid tribute to Her late Majesty Queen Elizabeth II in Parliament. The deep mourning across the country now – just like the celebrations of her Jubilee a few months ago – comes not from a sense of duty, but from genuine and heartfelt affection, love and admiration of Her Majesty. It's not because we were her subjects, but because she was truly our Queen. What she meant to us is perhaps best summed up by a phrase on so many people’s lips over the last twenty-four hours: “I can’t imagine our country without her.” For almost everyone in the country, she has been there our whole lives. At times of national grief and national jubilation, she has never not been there for us. So it is hard to accept that she is gone. And hard to see how we go on without her. But we will. Our great United Kingdom has a great future – because The Queen’s spirit of strength, grace and resolve lives on in her people. One of the great...

Welsh Liberal blogs

Search This Blog