IN LINE with climate goals, Warwick District Council (WDC) has confirmed it it no longer invests in firms affiliated with fossil fuels.
Following the declaration of a climate emergency in 2019, the council committed to divest from fossil fuels at the earliest opportunity – ideally by late 2022 and no later than the end of 2025.
And, with COP26 in full swing, the authority confirmed it recently fulfilled its goal by divesting from two equity funds which incorporate fossil fuels.
WDC spokesman for resources and transformation Richard Hales said: “We have already recognised that fossil fuel investments should be considered as part of the council’s ‘carbon footprint’. We have therefore taken measures to end investment in funds that incorporate fossil-fuels, even where these are only a relatively small percentage of the funds’ total investments.”
WDC environment spokesman Alan Rhead added: “In light of discussions taking place at COP 26 this week – and in particular those relating to green finance, we are pleased to be helping to deliver real change; taking another important step towards becoming a net zero carbon council.”
Visit www.warwickdc.gov.uk for more information.
