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Labour leader Michael Jones has tabled a notice of motion asking the committee to take ‘all necessary steps to divest all of its investments from fossil fuel companies as soon as practicable’.
But the matter was referred to a meeting of the governance committee by Tony Kershaw, director of law, to decide whether it was ‘right’ for the council, in its role as an employer in the scheme, to make such recommendations about investments.
The majority of the committee refused to support the motion or a suggestion from Liberal Democrat leader Dr James Walsh that all members of the pension fund should be consulted on whether to divest.
Dr James Walsh HUGELY unpopular proposals to close two of West Sussex County Council’s tips and bring in charges for DIY waste have been dropped. The news was announced at a scrutiny committee meeting on Monday and are set to be finalised at a meeting of the cabinet next week. The plans were announced as the council attempted to plug a multi-million pound gap in its budget and would have saved a total of £345,000 in 2021/22. But Tony Kershaw, director of law, told the meeting that the provisional local government settlement – how much money authorities receive from central government – meant a number of proposed cuts could be dropped.