The Labor-dominated Newcastle council has defied pressure from unions and senior ALP figures to rescind moves to investigate moving a $270 million investment portfolio away from banks that fund ‘‘socially and environmentally’’ harmful projects and industry.
Labor’s Cr Declan Clausen, who moved the original motion, said it was not against the coal industry or coal jobs, but a symbolic move in support of ‘‘different jobs for the future’’ and a shift to renewables and a clean energy industry.
Greens Bill to ban CSG mining
Activists are hoping that a bill to tighten the rules governing unconventional gas exploration and production in New South Wales will pass the Legislative Council on August 13.
Such is the groundswell of opposition to this part of the fossil fuel industry, a Greens Bill has support from NSW Labor and a couple of small right-wing parties.
Greens MP Jeremy Buckingham told Green Left Weekly that he expects the Bill to pass, with amendments proposed by Labor.
