Following overwhelming community support, Mount Alexander Shire Council has revised their investment policy to move their $13 million in investments away from coal, oil and gas. 

Mount Alexander have become the first goldfields council in Victoria to move their investments away from fossil fuels.

Dean Bridgefoot talks to ABC Central Victoria to talk about the moral and financial arguments that are stacking up against investing in fossil fuel companies and the story behind Mount Alexander's divestment.

They join 19 other local government associations, including the City of Melbourne and the City of Newcastle, who have made the decision to actively avoid investing with financial institutions that fund fossil fuel companies, such as the big four banks.

350Australia