News Formal

Australian super funds double investment in fossil fuel companies, report finds

  • 📰 abcnews
  • ⏱ Reading Time:
  • 47 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 67%
  • Publisher: 83%

Climate Change ニュース

Global Emissions,CO2,Greenhouse Gas

Australia's largest superannuation funds have doubled their investments in high-emitting companies over the past two years, according to environmental finance group Market Forces.

Australian superannuation funds' investment in fossil fuels has doubled over the past two years, a new report by an environmental advocacy group has found.

At the same time, clean energy investment from super funds decreased by half a billion dollars to $7.7 billion. "Any super funds claiming to support greater climate action must be forcing climate wrecking companies to end their fossil fuel expansion plans and be publicly divesting from them," he said.Mr Morgan said Market Forces had already worked with tens of thousands of members to demand their super funds stop investing in fossil fuels.

On average, less than 2 per cent of a fund's investments was in publicly listed clean energy companies. For example, the report found that the default investment option of Australia's largest super fund AustralianSuper had increased its investment in fossil fuels with a massive buy up of Woodside shares in 2022.Woodside alone makes up around 20 per cent of the value of AustralianSuper's investments in these "climate wreckers".

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Live updates: Australian share market to rise, Nasdaq hits record close after Powell reassures investorsA rally on Wall Street is likely to send Australian stocks higher, while investors await Wednesday's crucial US consumer inflation report. Follow the latest updates in our live blog.
ソース: abcnews - 🏆 5. / 83 続きを読む »

Live updates: Australian share market to open lower, Commonwealth Bank third-quarter cash profit falls 7pcA mixed session on Wall Street is likely to send Australian stocks lower, while the Commonwealth Bank's third-quarter cash profit falls 7 per cent. Follow the latest updates in our live blog.
ソース: abcnews - 🏆 5. / 83 続きを読む »

The fight brewing over the beer giants who have captured the Australian marketThe assistant competition minister says Australians are “paying too much for a schooner” and independent brewers say the consumer watchdog should investigate.
ソース: smh - 🏆 6. / 80 続きを読む »

The fight brewing over the beer giants who have captured the Australian marketThe assistant competition minister says Australians are “paying too much for a schooner” and independent brewers say the consumer watchdog should investigate.
ソース: theage - 🏆 8. / 77 続きを読む »