Powys County Council’s pensions pot has not been invested in energy producing firm Bute Energy, a finance chief has confirmed.
In recent months concerns have been raised in Powys about the number of energy and infrastructure projects that are being proposed for parts of the county.
Cllr Gary Mitchell said: “With the rise in energy park applications and grid connections from Bute Energy and their subsidiaries and speculation that Powys’ Pension funds may be invested in them either directly or as part of consolidated funds from groups: would the authority confirm if it has any pensions invested in Bute Energy.”
In February, the Welsh Government was also asked in a Freedom of Information request whether it had any investments in Bute Energy. Information gleaned from the mast could inform the firm whether the condition at the site is conducive for 220 metre high wind turbines. Bute Energy has said that it will lodge an appeal with Welsh Government planning inspectors in a bid to overturn the Planning committee’s decision.
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