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City of Sydney council to divest from fossil fuels regardless of election result

2016-09-06 02:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The City of Sydney council is set to divest from fossil fuels this year, regardless of the outcome of the election on Saturday, after a two-year campaign by members of the anti-fossil fuel group 350.org. The council has more than $500m under management. At the last meeting before the election, it unanimously passed a motion calling for a new investment policy that would divert those funds away from banks that invest in fossil fuels. In 2015 the big four banks Westpac, ANZ, NAB and the Commonwealth...

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