Shadow treasurer Chris Bowen has backed a push from Industry Super to throw its corporate weight around, as the trillion dollar giant agitates for a greater say in the companies it invests in.
Mr Bowen accused Mr Frydenberg of "ideological warfare" and said he would defend the rights of industry funds to voice their concerns. Industry Super's investment arm, IFM investors, which manages funds worth up to $81 billion, has accused companies of a zombie-like response to climate change and will begin shaming them through emissions reduction targets for its Australian assets."It's incumbent on governments, businesses and individuals to do what we can," he said. "Industry funds wouldn't be the only people who think the company should be having a mind to climate change in their policies.
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Qld Labor 'hopelessly out of touch' with the coal industry: Frecklington | Sky News AustraliaQueensland Opposition leader Deb Frecklington says the state Labor Party is ‘hopelessly divided’ and ‘out of touch’ on the issue of thermal coal and renewable energy. \n\nDeputy Premier Jackie Trad has told Parliament ‘the market is moving away from thermal coal’ and workers in the industry need to 'reskill'. \n\nMs Frecklington has told Sky News host Chris Kenny Ms Trad’s remarks ‘should send shockwaves down the spine of anyone associated with the coal industry here in Queensland’. \n\nShe says Ms Trad and Annastacia Palaszczuk are ‘obviously sitting up in an ivory tower somewhere instead of talking to real people’ if they are willing to sell out the thermal coal industry and its workers. \n\n\n AStrongerOZ viellarisr Good take on the issue🤙🇦🇺 viellarisr LNP GOV MPS WANT JOBS FROM ADANI FOR WORKERS THEY CLAIM ITS OUT OF TOUCH BY LABOR MPS TO SAY WORKERS NEED TO RE SKILL.. THIS FROM A LIBERAL NAT GOV WHO SHUT DOWN CAR PLANTS THAT HAD THOUSANDS OF WORKERS AND TOLD THOSE WORKERS GO RE SKILL WE DONT CARE ABOUT YOUR JOB. viellarisr At least with the car manufacturing industry $billions of tax payer $ was put into the industry trying to save it. But with the mining industry not a $. In saying that you have got to admire Trad's honesty. Not sure it will go down well with the miners & the unions though.
Source: SkyNewsAust - 🏆 7. / 78 Read more »