A Scottish investment giant upped its shares in a host of US fossil fuel firms last year, while also claiming millions of taxpayer money for a carbon offsetting scheme to plant trees in the Highlands.
Analysis by The Ferret found that Edinburgh firm, Abrdn, increased the amount of US shares it owned in 33 coal, oil and gas firms between the end of 2022 and the end of 2023.
The value of its US shares in these companies increased by nearly £234m last year.
Abrdn also became a new shareholder in three companies drilling for oil in Texas in 2023, purchasing over£44m of their shares.
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