A motion from Cr Jeff Johnson to be tabled at Ballina Shire Council’s meeting this week will ask the council to live up to its promise to act on the climate emergency, and divest from fossil fuel investments.
Cr Johnson will move:
- That Council resolves to stop investing in financial institutions that support the fossil fuel industry.
- That when existing cash term deposits expire they are to be invested in financial institutions with a secure credit rating that doesn’t support or have investments in the fossil fuel industry.
- That Council informs the financial institution when divesting the reason for changing institutions.
Cr Johnson originally moved a similar motion in November 2015, which was…