At last financial year end South Perth had about seventy million dollars of your cash invested. Melville had about one hundred million dollars. Does Council invest your rates money wisely? Do these funds support our city’s future? Can we do better? About time we thought about ethics and money together?
This week South Perth Council intends to just roll- over their existing investment policy, the one we’ve had for years. Should we encourage Councillors to think about where this money goes, what the risks are and what that money supports? Organisations representing $3.4 Trillion dollars have begun removing their cash from coal, oil and gas as the value of these investments plummet.
Many Councils have pledged to not invest in funds that threaten our future, especially those supporting fossil fuels. If it’s wrong to burn coal, if pollution spoils our planet then it’s also wrong to profit from heating up our world. Let your Councillor know that you want them to take action, change their investment policy. South Perth votes this week, Tuesday 22 March. Here are the elected members’ email addresses. Please let them know you don’t want your money to support coal, oil and gas investments.
Please contribute by clicking on Comments, below. Just log in as Name or Anonymous, or email me.