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Australian ‘Coal City’ Divests Fossil Fuel Stocks, Embraces Cleantech

https://en.wikipedia.org/wiki/Newcastle,_New_South_Wales

Future generations may wonder what anyone ever meant by the phrase “taking coals to Newcastle,” after the Newcastle, Australia city council voted to divest its fossil fuel stocks.

https://en.wikipedia.org/wiki/Newcastle,_New_South_Wales
Wikipedia

“You can tell that coal is the past by asking any scientist with a working knowledge of the planet’s climate system,” writes 350.org founder Bill McKibben. “And you can tell that coal is history by talking to any financial analyst.” But “politics is a lagging indicator, always behind,” which is why Prime Minister Tony Abbott questioned the Newcastle vote, led by councillor Declan Clausen. “Why is a coal city saying no to coal investment?” Abbott asked.

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“There is an increasing group of start-ups in Newcastle that are looking at a clean-tech future,” and “we are embracing those opportunities,” Clausen explained. “The coal downturn has particularly affected the Hunter Valley. Cleantechs are going to be a significant employer moving forward. Council is being on the front foot about that.”