Ethical investment on agenda for Bangalow council meeting

BYRON Shire Council will hold its next  meeting from 4pm Thursday October 8 at the Moller Pavilion at the Bangalow Showgrounds.

Mayor Simon Richardson said it was an opportunity for the public to see what happens at the meetings.

Tonight's agenda items include potential locations for a BMX track, the Byron Bay bypass, Biobanking, time limits for the Byron Bay pay parking scheme, ex-hospital land in Mullumbimby and the review of council's Homelessness Policy.

Cr Paul Spooner will also be tabling a motion to ensure council avoids investing in CSG.

"My motion seeks to give preference to finance institutions that invest in environmentally and socially responsible investments while avoiding ... environmentally and socially harmful investments," Cr Spooner said.

"This would see council supporting investments in companies involved in renewable energy while avoiding companies involved in coal seam gas mining.

"It would also see council support the provision of affordable housing while rejecting companies involved in the management of Australia's offshore refugee detention centres."

"If we as a community don't want to own bits of tobacco companies, or coal companies, or detention centre operators, or coal seam gas companies, or uranium mines, or nuclear weapons then we as a council should not be investing ratepayers' money into those companies."

Byron Shire Council currently has investments worth $74 million.

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