Rejected petition Investigate the Welsh Pension Partnership's Bute Energy investment independently.

There are serious questions about the Welsh Pension Partnership’s investment in Bute Energy, including the decision-making, financial risks and ability to recover public pension money.
Pension members and taxpayers deserve clear answers about how the investment was assessed, monitored and governed, and whether their interests were properly protected.

More details

A November 2024 Dyfed Pension Fund Committee report recorded a £10 million commitment, of which £3.4 million had been invested, and stated there was no straightforward withdrawal mechanism: an exit required the general partner’s consent.

Reports have also raised questions about a shareholder distribution of around £58 million.

These matters warrant independent scrutiny, not political point-scoring. The investigation should establish who authorised the investment; what independent financial, legal and commercial due diligence was undertaken, including planning, delay and grid-connection risks; how the investment has been valued and monitored; what distributions have been made; and what realistic options exist to protect or recover pension funds.

Its findings and recommendations should be published in full, with a clear account to pension scheme members and the public.

Why was this petition rejected?

It’s about something that the Senedd or Welsh Government is not responsible for.

We only reject petitions that don’t meet the petition standards

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Date submitted 9 November 2026
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