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AC–2015ATM PPROPRIATIONOMMITTEE nority reports are presented under this Article. For common reference, Section 3 “Investment and man- agement decisions” of MGL Chapter 203C, known as the “Prudent Investor Act”, is quoted here in full: (a) A trustee shall invest and manage trust assets as a prudent investor would, considering the pur- poses, terms, and other circumstances of the trust, including those set forth in subsection (c). In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. 1 .B@CAB44HA8<D4AB;4<B0<3;anagement decisions respecting individual assets shall be consid- ered in the context of the trust portfolio as a part of an overall investment strategy reasonably suited to the trust. (c) Among circumstances that a trustee shall consider in investing and managing trust assets are such of the following as are relevant to the trust or its beneficiaries: (1) general economic conditions; (2) the possible effect of inflation or deflation; (3) the expected tax consequences of investment decisions or strategies; (4) the role that each investment or course of action plays within the overall trust portfolio; (5) the expected total return from income and the appreciation of capital; (6) other resources of the beneficiaries; (7) needs for liquidity, regularity of income, and preservation or appreciation of capital; and + 0<0AA4BHAA>4280:@4:0B8=<A78>=@A>4280:D0:C4!if any, to the purposes of the trust or to one of the beneficiaries. (d) A trustee shall make a reasonable effort to verify facts relevant to the investment and manage- ment of trust assets. (e) A trustee may invest in any kind of property or type of investment consistent with the standards of this chapter. (f) A trustee who has special skills or expertise, =@8A<0;43B@CAB448<@4:80<24C>=<B74B@CAB44HA representation that the trustee has such special skills or expertise, shall have a duty to use such special skills or expertise. Article 44 – Majority Report It is widely recognized that greenhouse gas emissions from fossil fuel consumption are the leading cause of global climate change. Reducing emissions is a difficult problem to solve, and requires a combination of state and federal policies (investment in and subsidy of scalable, cost effective green energy alterna- tives; regulations for vehicle fuel efficiency; full transparency in tracking energy generation and con- sumption). Any solution should be mindful of the cost imposed on consumers and on the implications for economic growth. At the Town level, our efforts have focused on: Energy conservation in town buildings, residential homes and apartments Installation of solar panels on Town building roof tops, and potentially at Hartwell Ave. Providing informational support to residents willing to do their own solar panel installations Setting up electric vehicle recharging stations In 2013, Lexington Town Meeting passed a non-binding resolution calling for the Town to (a) consider climate change in all appropriate decisions and planning processes; (b) take action to prepare for the im- pacts of a changing climate; (c) reduce greenhouse gas emissions; and (d) develop and implement a com- prehensive climate action plan; all with the goal of making Lexington a truly sustainable community. 41