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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Greens want inquiry into wealth fund

Posted on 09 May 2011

The Australian Greens want the Productivity Commission to investigate whether Australia should establish a sovereign wealth fund to save money for tough times ahead. Leader Bob Brown will move a motion in the Senate this week calling on the government to refer the issue to its independent advisory body.
“A sovereign wealth fund could underpin Australia’s move to a low-carbon future, looking beyond the current mining boom,” Senator Brown said in a statement on Sunday……………………………………….Full Article: Source


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