28 August 2015, The Conversation, Newcastle’s ‘divestment’ is a chance for the world’s largest coal port to consider its future. The City of Newcastle council’s Tuesday night endorsement of an “environmentally and socially responsible” investment policy threw more mud than a pig wrestling competition at the country show. The controversy thickened this morning as stories emerged that the council also recently accepted an A$12-million offer to expand coal terminals at its port, the world’s largest in terms of coal exports. Amid jeers of hypocrisy and cheers of climate leadership, what can we really say about this policy move in one of New South Wales’ historic coal towns? Investment, not divestment. The council’s unprecedented move to adopt an investment policy which applies traditional investment criteria but also adds a “preference for environmentally and socially responsible investment (if criteria are met)” might rate a media mention, given the recent fossil fuel divestment move by certain universities and governments. But Newcastle’s historical dependence on coal means that the council’s decision sparked a media frenzy and councillors have been in overdrive explaining the policy and their position towards the region’s major industry. Defending both the nuance and intention of the Investment Policy, Newcastle Lord Mayor Nuatali Nelmes explained to ABC Newcastle that “it is not at all and never will be about undermining the coal industry”. Similar statements have been made by the councillor who moved the climate-friendly policy motion, 23-year-old Declan Clausen. Prime Minister Tony Abbott has come out against the policy. Read More here