Ouch!
Australian super funds lose $5.6 billion on fossil fuel investments
Having analysed the returns of fifteen of Australia’s largest superannuation fund options over the past two years, Market Forces estimates that those options have collectively lost over $5.6 billion on their fossil fuel investments over that time.
Our new report Burned details this analysis, and highlights the urgent environmental and moral need for super funds to divest their coal, oil and gas holdings. Click here to read the full report and download a copy.
Fossil fuels are causing massive environmental damage and driving climate change, and Australians are concerned about prospect of financially supporting the dirty coal, oil and gas industries. Despite this, the vast majority of Australian super funds remain invested in fossil fuels.
To make it as easy as possible for super fund members ensure that their money is aligned with their values, we have recently upgraded our Super Switch website. Super Switch allows users to examine their super funds’ exposure to fossil fuels, and take action to get their retirement saving out of coal, oil and gas.
Australian super funds lose $5.6 billion on fossil fuel investments : Renew Economy
Australian super funds lose $5.6 billion on fossil fuel investments
Having analysed the returns of fifteen of Australia’s largest superannuation fund options over the past two years, Market Forces estimates that those options have collectively lost over $5.6 billion on their fossil fuel investments over that time.
Our new report Burned details this analysis, and highlights the urgent environmental and moral need for super funds to divest their coal, oil and gas holdings. Click here to read the full report and download a copy.
Fossil fuels are causing massive environmental damage and driving climate change, and Australians are concerned about prospect of financially supporting the dirty coal, oil and gas industries. Despite this, the vast majority of Australian super funds remain invested in fossil fuels.
To make it as easy as possible for super fund members ensure that their money is aligned with their values, we have recently upgraded our Super Switch website. Super Switch allows users to examine their super funds’ exposure to fossil fuels, and take action to get their retirement saving out of coal, oil and gas.
Australian super funds lose $5.6 billion on fossil fuel investments : Renew Economy
