#CoPowerBudget Update for November 2022
What has CoPower achieved since Shell bought out PowerShop?
November 26, 2022
Making Solar Social in the Ballarat Region
December 5, 2022
It’s good news for us in November as we celebrate our achievements one year on from the big Shell switch, this month has seen our biggest allocation of democratic budgeting spend yet. Our customer members are helping to support a people-powered transition around us this month to the tune of over $20,000.00!
As per our three rounds of democratic voting, our rank-and-file customer members voted to spend $100,000.00 on doing good works with the balance of our income for the year to be reinvested back into growing our cooperative. If we exceed our income expectations then how we should manage that windfall will come back to our customer members too.
At the end of September, we provided a full quarterly update on income and expenditure. As per October’s report, November’s report contains an update on the spending as per our democratic budget for the month.
Note that the numbers on the table below relate to the project numbers on the democratic ballot.
November 2022 Payment Summary
| Project | Spend |
| 7. Melbourne Pollinator Corridor: creating an 8km community-led and maintained wildlife corridor | $4,000.00* |
| 8. Our Islands, Our Home: a climate justice campaign led by Torres Strait Islanders to protect their Island homes. | $2,255.00* |
| 12. Community-owned renewables investment: to BREAZE Inc.’s Social Solar Fund (this is a revolving fund) | $7,250.00 |
| 23. Worker Strike Fund: Pampas food manufacturing workers | $500.00 |
| 5. Just transition Asia Pacific frontline workers: part of Union Aid Abroad – APHEDA’s Climate Justice and Just Transition Program. | $4,900.00 |
| 27. Gas Free Victoria – Getting Victoria Off Gas. Friends of the Earth Melbourne | $2,750.00* |
| Total | $21,655.00 |
*This is a partial payment of the total budget allocation.
