12.6 C
Byron Shire
May 17, 2021

Lismore to invest in fossil fuel free future

Latest News

All fired up: former magistrate fumes at news of the world

How does one react to news of environmental vandalism, rampant domestic violence and mutilation of women without anger or distress?

Other News

All fired up: former magistrate fumes at news of the world

How does one react to news of environmental vandalism, rampant domestic violence and mutilation of women without anger or distress?

Cocaine bust in Byron Shire, 7 men arrested

Police say two separate investigations into the ongoing supply of cocaine in the Byron Bay area have led to charges against seven men.

Water and the dam

Dr Roslyn Irwin, Caniaba An organisation called ‘Our Future NR’ is distributing and promoting information intended to put the Dunoon...

Entertainment in the Byron Shire for the week beginning May 12

Check out what's on going the Byron Shire and surrounding area this week

Secret footage from Manus detention centre to be screened in Lismore

A thirteen-minute award-winning documentary based on footage secretly filmed inside Australia’s former detention centre on Manus Island is to be screened in Lismore Thursday night.

Go straight to the source on the Future Water Project

Rous County Council has announced a series of information days to be held this month where the community can ‘drop in’ and find out more about the revised draft Future Water Project 2060.

More than 5000 people rallied against CSG in the northern rivers. Now the Lismore council is taking a stand by not investing in fossil fuels. Photo Darren Coyne
More than 5000 people rallied against CSG in the northern rivers. Now the Lismore council is taking a stand by not investing in fossil fuels. Photo Darren Coyne

Darren Coyne

Lismore City Council will put its money where its mouth by refusing to back institutions investing in fossil fuels such as coal seam gas.

The decision makes it just the fourth council in Australia, and the second in NSW to take such a stand.

Cr Simon Clough was successful with a motion last week to give preference to financial institutions that do not invest in fossil fuel.

‘Councillors are aware of the strong stand this council took against unconventional gas drilling and associated activities in this local government area,’ he said.

‘Lismore council has been at the forefront of the recycling and recovery field and through its Renewable Energy Master Plan has committed to partnering with the community to become independent of the electricity grid over the next eight years.

‘In this context it makes absolute sense for Lismore City Council to monitor the investment of its funds to ensure that the investment is compliant with council’s investment policy; and that the investment rate of interest is favorable.

Cr Clough said fossil fuel free investments were listed on the Market Forces website found at http://www.marketforces.org.au/banks/compare.

Not all councillors agreed with the move.

Cr Greg Bennett said Australia’s financial strength came about as a result of mining and agriculture.

He said without the income from coal and natural gas from the north west shelf the country would not have its current standard of living.

Cr Isaac Smith said however that the council could show its leadership by concentrating its investments in renewable industries.

‘Reports show that renewable industries will provide double the employment than the traditional mining industries,’ he said.

Cr Gianpiero Battista said the majority of people in the region had made it clear they wanted nothing to do with the coal seam gas industry.

He said the strength of the region was in its beautiful environment and productive agricultural lands, and an ‘industry like CSG would compromise these strengths’.

‘Everything we do should promote our wishes to be fossil fuel free.’

All councillors supported the move towards fossil free investments except Crs Bennett, Graham Meineke and Neil Marks.

 


Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Business calls for Tweed train tracks to be kept ignored

More than 800 people had signed a petition calling for a new rail trail to be built next to, rather than in place of, the existing disused railway line running through the shire.

Resilient communities training on offer

‘Resilience’ has become a buzzword in Australia over the past few years, as communities across the country struggle to cope with fire, floods, and a pandemic.

Independent councillor fact-checks housing supply in the Byron Shire

Independent Byron Shire Councillor Cate Coorey won approval from fellow councillors last week for a new reporting regime she says will offer clarification on dwellings approved in the shire.

How to exercise more voting rights in council elections

Being a property owner in NSW isn’t just a financial advantage, it also means you have more rights to vote than non-property owners.