In Auckland, we are pressuring the city council to divest from fossil fuels.
Auckland Council currently invests more than $20 million in oil companies like Exxon and Anadarko; we have put out a press release detailing the council’s investments. They continue to invest in these polluting companies despite commitment to the C40 Initiative, and putting out a Low Carbon Action Plan.
Sign the petition to get Auckland Council to divest!
The local 350 Auckland group is currently working on a research document to present to the council. Very exciting! This comes as news broke that the council is heavily investing not only in fossil fuels but alcohol, tobacco and sugary drinks as well! These investments completely contradict the work that the council was doing to fight obesity and smoking. 350 Aotearoa’s Executive Director Niamh O’Flynn was interviewed by bfm on the subject.
Auckland Council is having a meeting in October to decide on a new investment policy, so watch this space!
We look forward to continuing our work with bank and Auckland Council divestment!