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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Australia’s ‘future’ fund should not consider financing the energy projects of the past

Posted on 04 April 2016

It was all over the news in India. The Indian finance minister Arun Jaitley would be meeting Future Fund chairman Peter Costello to discuss using the Fund to help finance Adani’s Carmichael coal mine.
There was no announcement of the meeting in Australia, but the questions must be asked: how should Australia’s sovereign wealth fund be used, and should it, a “future” fund, be considering the energy projects of the past? The prospect of Costello dedicating sovereign funds to the massive coal mine in the Galilee Basin is so misguided………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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