Having analysed the returns of fifteen of Australia’s largest superannuation fund options over the past two years, Market Forces estimate 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.
Sourced through Scoop.it from: superswitch.org.au