In Auckland, we are pressuring the city council to divest from fossil fuels/coal, oil and gas.
As the first step towards stepping up Auckland’s “climate game”, we are urging the city council to divest its funds from coal, oil and gas. Auckland Council currently invests more than $25 million in fossil fuel 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 their commitment to the C40 Initiative and putting out a Low Carbon Action Plan.
The local 350 Auckland group recently presented a research document on fossil fuel divestment to the council – The Case for Fossil Fuel Divestment, check it out!
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 on the 11th of April (THIS MONTH), to decide on a new investment policy, so now is your chance to have a say!