Purpose

This petition was presented to Council on 12
July and referred to Cabinet

Content

A ‘Stop investing in
fossil fuels’ ePetition had been considered at the full
Council meeting on 12 July 2023, at which the Cabinet Member for
Accessible Housing and Resources requested it be referred to
Cabinet for further consideration.  The
ePetition was detailed at Appendix 1 to the Cabinet
report.
 
Cabinet considered a report that
set out the concerns raised in the petition and the approach that
Buckinghamshire Pension Fund in partnership with the Brunel Pension
Partnership was taking towards carbon reduction and meeting its
target of net zero by 2050.
 
RESOLVED –
 

(1)              
That the approach being taken by the
Buckinghamshire Pension Fund and the Brunel Pension Partnership in
reducing overall carbon intensity in its investment portfolios be
ENDORSED.
 

(2)              
That the situation with the Council’s
banking contract be NOTED.