CONSERVATIVE Group Amendment

NOTICE OF MOTION

FOSSIL FUEL NON-PROLIFERATION TREATY

That deletions are made as shown with strikethrough below and additional recommendations are added as shown in bold italics below.

This council notes:

· Cities across the world have shown their commitment to tackling the climate crisis by endorsing the call for a Fossil Fuel Non-Proliferation Treaty;

· BHCC’s pensions are held by the East Sussex Pension Fund, which still invests in fossil fuels;

· Preventing climate chaos requires the bulk of fossil fuels be left in the ground, leaving fossil fuel companies with stranded assets, meaning current shares are likely to be overvalued;

•        That Administration and Official Opposition have a coalition arrangement on climate change at Brighton and Hove City Council; and

•        That Brighton and Hove City Council has been given a ‘D’ for its involvement on climate change by the Carbon Disclosure Project

This council resolves:

(1) That the Chief Executive write to the East Sussex Pensions Committee expressing our request for a two-year timeline to divest from fossil fuels; highlighting that continuing to invest in stranded assets risks a failure of their fiduciary duty to pension scheme members,

(2)    That P&R Committee commissions a report:

·     outlining options for removing BHCC pensions from the East Sussex scheme, and reinvesting them elsewhere; should ESPF fail to act swiftly to protect pensioners’ investments

·  detailing how council can continue to support the development of renewable technologies to phase out fossil fuels,

(3)      To endorse the call for Fossil Fuel Non-Proliferation Treaty to:

·      End new expansion of fossil fuel production

·      Phase out existing fossil fuel production

·   Invest in a transformational plan to ensure 100% access to renewable energy globally.

(1)     To focus on improving its own performance on climate change and disclosing its result each year to the Carbon Disclosure project.

Proposed by: Cllr Brown                                       Seconded by: Cllr Bell

Motion to read if carried:

This council notes:

· Cities across the world have shown their commitment to tackling the climate crisis by endorsing the call for a Fossil Fuel Non-Proliferation Treaty;

· BHCC’s pensions are held by the East Sussex Pension Fund, which still invests in fossil fuels;

· Preventing climate chaos requires the bulk of fossil fuels be left in the ground, leaving fossil fuel companies with stranded assets, meaning current shares are likely to be overvalued;

•        That Administration and Official Opposition have a coalition arrangement on climate change at Brighton and Hove City Council; and

•        That Brighton and Hove City Council has been given a ‘D’ for its involvement on climate change by the Carbon Disclosure Project

This council resolves:

(1)     To focus on improving its own performance on climate change and disclosing its result each year to the Carbon Disclosure project.