On Wednesday night Moreland City Council in Melbourne voted unanimously to ask Vision Super, the local government employees fund, for their plan for managing climate risk.
Vision Super manages around $7 billion, which includes investments in fossil fuel companies.
The Council motion recommends that Vision Super put in place a plan to divest themselves of coal, oil and gas companies and advocate that diversified companies shift their business out of fossil fuels.
The pressure is building on Vision Super, with several Victorian councils now asking them to either divest entirely or provide a fossil free option for members.
Moreland was one of the first councils to divest and it’s great to see them taking the lead again. Well done!