Decision Maker: Full Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Full Council considered report FIN/484 of the Head of Corporate Finance which had been previously considered by the Cabinet on 27 November 2019 and Overview and Scrutiny Commission on 25 November 2019. Councillor Lamb, as the Leader of the Council, presented the report and recommendations.
Councillors Crow, Lanzer, Lunnon, Purdy, Ayling, Jaggard and McAleney also spoke on the item. The discussion focused on the proposed change to the Council’s Ethical Investment Policy, regarding companies that generate more than 10% of their revenue from the extraction of fossil fuels.
Councillor Lamb moved the recommendation which was seconded by Councillor P C Smith.
The recommendation was carried by 17 votes in favour and 16 votes against with no abstentions.
RESOLVED
That Full Council be recommended to the approval of an amendment to the Ethical Investment Policy within the Council’s Annual Investment Strategy (see section 5.3 of report FIN/484).
Publication date: 27/01/2020
Date of decision: 16/12/2019
Decided at meeting: 16/12/2019 - Full Council