Yesterday, Oxford City Council passed its four year budget (2021-2024) in the process rejecting a Green Party amendment to redirect funds earmarked for commercial property investment into the development of renewable solar energy infrastructure, following in the footsteps of an increasing number of local authorities that have done so [see attached].
Green Councillor Craig Simmons, presenting the Green budget amendment called the plan to invest in commercial property at a time of economic uncertainty (due to COVID and Brexit) 'reckless' and 'lacking vision'.
Green Councillor Dick Wolff, seconding the Green budget amendment said, "The key question is: In 15 years time will our successors be cursing us for not buying more commercial property ...or will they be grateful that we had the foresight to invest in renewable energy infrastructure?"
Click here for the explanation of the full Green budget and the business case for solar investment prepared by the Greens.
18th February 2021