Scottish Parliament urged to curb investment in Elon Musk companies
Scottish Green MSP Mark Ruskell has called for the Scottish Parliament Pension Scheme to fully divest in Tesla and any other Elon Musk-owned companies that it has investments in.
This follows press reports revealing that, while the total has reduced over recent years, the scheme has holdings in Tesla via Baillie Gifford which controls the fund.
Speaking at Scottish Parliamentary Corporate Body questions today, Mr Ruskell said:
“It is quite clear that Elon Musk has promoted extremism and misinformation.
“He is part of a Trump administration that has shown utter contempt for human rights across the world. He is a toxic individual, and that’s just one of the reasons why the value of shares in Tesla is collapsing right now, which will be impacting our pensions.
“I welcome the news that Baillie Gifford who runs our pension funds has been reducing their investment in Tesla. I would like to see total divestment from all Elon Musk’s companies as well.
“Will members reflect on the fact that the Scottish Parliament Pension Scheme is conducting its triannual review? The Scottish Parliamentary Corporate Body as an employer could and should encourage all members of the scheme to give feedback on these kinds of ethical issues.”