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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund wants renewables for yield, not green glow

Posted on 03 October 2016

The Future Fund might have ploughed $400 million into AGL Energy’s renewable energy fund but it isn’t turning green, chairman Peter Costello says. It’s just the fact that the returns on renewable energy are guaranteed by state and federal legislation that make the sector attractive at a time when above inflation returns have rarely been harder to find.
“We are neutral when it comes to electricity. We don’t invest in it because we think one form of electricity is superior to another, we invest in it because of the returns,” Mr Costello tells The Australian Financial Review……………………………………..Full Article: Source


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