Later last year I was at a council meeting where the COF council voted to divest our city funds from any financial institution that did business with industries that support fossil fuel companies, I QUOTE,” In August this year Fremantle Council adopted modifications to its investment policy that gives clear directions not to place council funds into banks or financial institutions that support fossil fuel industries, unless there is no alternative.”
So I was very surprised to see that our mayor Brad Pettitt was dealing with a committee that is funded by mainly fossil fuel. Now I’m the pro car guy so I have no problem with these big companies taking an interest with our great state or city.
The question is our Council and Mayor voted, as quoted above to have no dealings with financial institutions that supported fossil fuel industries so why is our Mayor appearing to be dealing with a group (committee for Perth) that is funded primarily by fossil fuel industries?
Further future freo shares a vision with the committee for Perth, which its primary or foundation members are predominantly from fossil fuels producers, so the question begs why is it not suitable for COF to invest with banks that deal with fossil fuel companies but its ok for the direction of Fremantle to be shared with a group who is driven by the sort of companies that the council choose to reject?
Does that seem strange to anyone?