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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, People

John Hewson Attacks Coal-Loving Peter Costello Over Future Fund’s Fossil Fuel Investments

Posted on 15 October 2015

Former Treasurer Peter Costello has previously said it would be “a very strange thing” for the nation’s sovereign wealth fund to divest from fossil fuels. Dr John Hewson’s not so sure. Former Liberal leader Dr John Hewson has launched a scathing attack on Peter Costello for being “wilfully blind to the risks of climate change” in his management of Australia’s massive sovereign wealth fund, even accusing the Howard-era Treasurer of “a clear breach of fiduciary duty”.
Dr Hewson is the Chair of the Asset Owners Disclosure Project (AODP), a non-profit which ranks the top 1,000 asset owners for their exposure to investments that risk the climate and, increasingly, their returns………………………………………..Full Article: Source


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