To consider the motion submitted by Councillor P Niblock in accordance with Standing Order No. 21:
“Having declared a Climate Emergency, this Council commits with the Derbyshire Pensioners Group, Transition Chesterfield, Friends of The Earth and Divest Derbyshire in calling for the Derbyshire Pension Fund to disinvest its remaining funds in Fossil Fuels companies and to invest in Renewable Energy companies instead.”
Minutes:
It was moved by Councillor P Niblock and seconded by Councillor K Falconer that:
“Having declared a Climate Emergency, this Council commits with the Derbyshire Pensioners Group, Transition Chesterfield, Friends of The Earth and Divest Derbyshire in calling for the Derbyshire Pension Fund to disinvest its remaining funds in Fossil Fuels companies and to invest in Renewable Energy companies instead.”
As an amendment, it was moved by Councillor Serjeant and seconded by Councillor P Gilby that the motion be amended to read as follows:
“Having declared a Climate Emergency Chesterfield Borough Council commits with the Derbyshire Pensioners Group, Transition Chesterfield, Friends of The Earth and Divest Derbyshire in calling for the Derbyshire Pension Fund to disinvest its remaining funds in Fossil Fuels and to invest in renewables.
In addition we are calling for Derbyshire Pension Fund to strengthen engagement regarding future investment principles with all stakeholders including pension fund members and employers.”
On being put to the vote the amendment to the motion was declared carried.
On being put to the vote the motion (as amended) was declared carried.