Australia's Future Fund invests in many companies that Norway's sovereign wealth fund has placed on its exclusion list.
And the notion that the Future Fund's "independence" is a politically neutral state of affairs is worth questioning too, because its investments have political consequences. Chalmers says the Future Fund has made it clear it can play a prominent role in capitalising on those economic opportunities and supporting Australia's prosperity.
The statement we're interested in is the declaration that the Future Fund's investments have never been politicised.More than $3 million of Australian taxpayers’ money has been invested in an Adani company funding a crucial rail link from the controversial Carmichael coal mine to a port on the Great Barrier Reef, the ABC can reveal.At the time, its exposure to securities issued by 14 entities involved in tobacco production totalled approximately $222 million.
That politicisation of tobacco products and the influence of the "environmental, social and governance" movement has clearly had a direct impact on the Future Fund's investment choices.the Future Fund had recently divested its stakes in a slew of Chinese companies that federal Liberal senator James Paterson had been raising concerns about.
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