Investment decisions by the Shetland Charitable Trust (SCT), as presently constituted, lies with the newly elected councillors for Shetland Island Council (SIC) as SCT trustees, ex officio.
Newly elected SIC councillors can vote whichever way they please on any subject, commensurate with their own ideas and political opinions, irrespective of their intrinsic merit. However, they do not enjoy the same freedom of decision while acting as SCT trustees.
As appointed trustees of Shetland Charitable Trust it behoves them, legally, to take investment decisions in order to make the best returns possible while, at the same time, protecting the trusts’ funds. This, inevitably, involves risks, but these risks are tempered by sound advice from investment advisers.
Rather than being vilified, the former SCT chairman and present SCT management should be commended for directing the course of investment in the partnership of Viking Energy wind farm. Not only has this investment already made spectacular returns, but has the prospect of, if followed through to fruition, of ensuring that Shetland will, finally, by being connected to the national electricity grid system, be guaranteed to have a reliable supply of electricity, indefinitely. The further prospect of developing other sustainable clean energy systems in Shetland will help to ensure a sustainable Shetland into future years.
Of course, Sustainable Shetland, so called, is against this prospect, but what do they have to offer instead? We all know what they are against, but what are they for? They would appear to want to keep the status quo i.e fossil fuel burning generators with a few small wind generators thrown in here and there for good measure. Fine – until oil and gas runs out, then what – a nuclear power station? I doubt very much if many people in Shetland would want one of them, neither fission nor fusion, in their backyard.
So, how exactly does Sustainable Shetland propose that a reliable closed electricity grid be provided in Shetland when the oil and gas have gone – or don’t they care about the long term future for succeeding generations?
With 800 members along with 2,738 objectors to the wind farm, not to mention the ‘majority’ of the Shetland population in their camp, you would think that at least one would be able to come up with an acceptable alternative to the Viking Energy wind farm.
I really am looking forward to hearing what it is. Maybe I’ll even change my mind, Billy – but don’t hold your breath.
Become a supporter of Shetland News
Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.
Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.
Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has over 440 supporters who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.
Your contribution will ensure Shetland News can: -
- Bring you the headlines as they happen;
- Stay editorially independent;
- Give a voice to the community;
- Grow site traffic further;
- Research and publish more in-depth news, including more Shetland Lives features.
If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.
Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.Support Shetland News