THE City of Kalamunda will decide later this month whether to join the growing number of councils turning their backs on banks and financial agencies who still invest in fossil fuels.
Residents have teamed up with Transition Town Kalamunda and the Hills 350.org group to throw their support behind the council to support divestment in Kalamunda.
Transition Town spokeswoman Adele Standeven said 12 WA local government authorities had already divested to build a brighter future for our children free of fossil fuels.
Get in front of tomorrow's news for FREE
Journalism for the curious Australian across politics, business, culture and opinion.
READ NOW“Eco-warriors from Edney Primary school in High Wycombe are particularly interested in sending the council a clear message to support divestment,” she said.
“This is not about money, it’s about investing in our children and generations to come.
“All the positive things they learn about sustainability in schools coupled with changes at the government level will make a big difference to their future.”
Ms Standeven said divestment would allow council staff to divest money in local and ethical banks.
“This is not about supporting these banks exclusively, but a move away from fossil fuel supporters,” she said.
“When interest rates are the same, the divestment policy allows council staff to choose a fossil-fuel free bank.
“They can choose from a range of banks, and Bendigo Bank which has two branches in the local area will be one of the choices.”
The policy will be discussed at the next council meeting on August 24.