{"id":17729,"date":"2017-12-19T09:59:50","date_gmt":"2017-12-18T23:29:50","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=17729"},"modified":"2017-12-19T09:59:50","modified_gmt":"2017-12-18T23:29:50","slug":"hobart-council-divestment-mb0374","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/hobart-council-divestment-mb0374\/","title":{"rendered":"Hobart City Council Divesting From Fossil Fuels – Completely"},"content":{"rendered":"
\"Fossil

Image via Anna Reynolds\/Facebook<\/a><\/p><\/div>\n

The fossil fuel divestment juggernaut rumbles on, with Hobart City Council announcing it was getting on board in a big way.<\/p>\n

According to Hobart City Council Alderman Anna Reynolds, a new Council policy was passed last night that commits to investing 100% of City funds in banks that don’t back fossil fuels.<\/p>\n

“Hobart Council\u2019s new investment policy is one of the most progressive for local government in Australia,” said<\/a> Ms. Reynolds. “Our commitment sends a strong message to the “big four” banks that continue to invest in the fossil fuel industry.”<\/p><\/blockquote>\n

ABC reports<\/a> Monday night’s vote saw nine to three in favour of changing the council’s investment and borrowing policy. The transition is expected to take several months.<\/p>\n

350.org Australia, a not-for-profit climate group, congratulated Hobart City Council<\/p>\n

“Last week in Australia the NAB became the first Australian bank to ban any further financing of coal projects<\/a>,” said<\/a> Glen Klatovsky, Deputy CEO of 350.org Australia. “AGL declared its commitment to never invest in coal again. Origin promised to halve their emissions by 2032. And today Hobart joined this incredible national and global movement. The momentum against fossil fuels is growing fast.\u201d<\/p><\/blockquote>\n

Hobart City Council’s Climate And Energy page states<\/a>:<\/p>\n

“We recognise that climate change is a significant global issue that will be experienced at a local level, and see it as our role to assist the community to begin to adapt to climate hazards and risks and reduce their carbon footprints.”<\/p><\/blockquote>\n

Among Council’s efforts in decreasing its own carbon footprint and reining in electricity costs is the installation of solar power systems<\/a> at various locations around the city. These include:<\/p>\n