The Labor-dominated Newcastle council has defied pressure from unions and senior ALP figures to rescind moves to investigate moving a $270 million investment portfolio away from banks that fund 鈥樷€榮ocially and environmentally鈥欌€� harmful projects and industry.
Labor鈥檚 Cr Declan Clausen, who moved the original motion, said it was not against the coal industry or coal jobs, but a symbolic move in support of 鈥樷€榙ifferent jobs for the future鈥欌€� and a shift to renewables and a clean energy industry.