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Will Ballina Council live up to its promise? – The Echo

Will Ballina Council live up to its promise? – The Echo
echo.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from echo.net.au Daily Mail and Mail on Sunday newspapers.

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Calls for council to divest from fossil-fuel industry, again

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From divesting from fossil fuel-related projects to a housing affordability strategy, here are five motions that will be presented to Ballina Shire Council in this week’s meeting:
1. Divestment from fossil fuel:
Councillor Jeff Johnson has moved a motion for Ballina Council to stop investing in financial institutions that support the fossil fuel industry.
A similar motion was approved by council in November 2015, also by Cr Johnson.
In December 2015, 57 per cent of council’s investments were with institutions that were considered to be fossil fuel aligned.
In November 2020, five years after the Ballina Council formally resolved to divest, it had 64 per cent of its investments with fossil fuel aligned institutions. ....

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