Council unanimously passes motion calling for policy that would remove more than $500m from banks that invest in fossil fuels

The City of Sydney council is set to divest from fossil fuels this year, regardless of the outcome of the election on Saturday, after a two-year campaign by members of the anti-fossil fuel group

The council has more than $500m under management. At the last meeting before the election, it unanimously passed a motion calling for a new investment policy that would divert those funds away from banks that invest in fossil fuels.

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Source: Guardian Environment