Shetland Charitable trust is to extend the contracts of the three members of the Viking Energy Shetland LLP board for a further two years.

Two new directors have been appointed to the board of Shetland Heat Energy and Power Ltd (SHEAP), which runs the Lerwick District Heating Scheme.

Shetland Charitable Trust will miss out on the return of rental income as a result of BP’s decision to ship oil from the Schiehallion field direct to market.

Volatile world stock markets mean the value of Shetland Charitable Trust’s investments has decreased by more than £13 million in the first six months of the year.

The 2015 Annual General Meeting of Shetland Charitable Trust will be held on Thursday 10th September at 11.30am in Islesburgh Community Centre, Room 12.

Shetland Charitable Trust Chairman Bobby Hunter responded to the news that Sustainable Shetland will now attempt an appeal to the Supreme Court.

The 2014 Annual General Meeting of Shetland Charitable Trust will be held on Thursday 11th September at 12 noon in Islesburgh Community Centre, Room 12.

The 2013 Annual General Meeting of Shetland Charitable Trust will be held on Thursday 12th September at 12 noon in Islesburgh Community Centre, Room 12.

Trustees were informed this week by the Office of the Scottish Charity Regulator (OSCR) that it has now closed its enquiry, opened in 2008 after complaints about conflicts of interest by members of the public, into SCT.

For the first time since it was set up more than 35 years ago, the charitable organisation responsible for investing and spending Shetland's oil disturbance money will meet tomorrow with independent trustees forming a majority.