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Monday May 21st 2012

Media Pension Fund Investments Lean Green – So Does Coverage

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LOS ANGELES (YBH) – The phrase “settled science” can no longer be credibly applied to climate change research purporting to prove man-made global warming, but tell that to the BBC, which continues to downplay skeptics and carry on reporting the party line.  Funny thing is, the pension fund for the media organization is moderately to heavily invested  in what could be termed green industry.

Government-supported British Media Company Under Investigation

A few years back it may have looked like a chance to get in on the ground floor of an about-to-boom industry.   That’s the kind of thing poobahs in charge of investing pension fund money are tasked to look for.    But should the news arms of these mega companies also be touting the cause, mindful of how it benefits their members?

According to the United Kingdom’s Express paper, the corporation which runs the BBC is in fact under investigation for conflict of interest in its investment dealings.   Peter Dunscombe is Head of Pensions Investment for the BBC and also happens to run the Institutional Investors Group on  Climate Change, which has more than 50 members across Europe.  No other media organization is a member of the group.

BBC viewers and listeners have long complained about one-sided coverage of the issue in the news departments of the venerable and once-trusted company.

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Laura spent years as a Hollywood story analyst, did a big 180, and is now an entrepreneur focused on web marketing and analytics. She's also a mom of one.

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Post Published: 17 February 2010
Found in section: News and Analysis
  • Constance

    e-mailled my MP about this. No response yet. The whole issue remains strangely quiet in the UK media.
    Read the IIGCC Constitution (http://www.iigcc.org/constitution.aspx), in particular the Organisation Profile and Values section which states Members share certain values with regard to working in this alliance, namely that:
    anthropogenic emissions of carbon dioxide and other greenhouse gases are contributing to climate change.
    How can the BBC be linked to this organisation and yet claim to report impartially on environmental isssues?