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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund should dump coal: Greens

Posted on 07 June 2013

The federal government’s Future Fund shouldn’t be investing in coal assets, the Australian Greens says.The minor party has announced a campaign to push the $85 billion fund - which was set up to cover public sector superannuation liabilities - to offload its investments in fossil-fuel industries like coal.
“Why would you invest in the very commodity that is wrecking the climate and which has, in the longer term, huge potential losses for anyone who invests in it,” Greens Leader Christine Milne told reporters in Canberra on Thursday.The Greens are hoping to match the success of their anti-tobacco push, which led to the Future Fund dumping its $222 million tobacco-related investments…………………………………….Full Article: Source


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