Home Leading Australian pension fund ditches coal holdings
 

Keywords :   


Leading Australian pension fund ditches coal holdings

2014-10-09 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: An Australian pension fund worth $8 billion says it will ditch holdings in coal companies, branding climate change a very real investment risk. Local Government Super is one of Australias largest public sector funds, with 90,000 members, and is the first to publicly announce plans to divest from coal. In a statement, LGS chief executive Peter Lambert said the fund believed support for carbon intensive forms of energy like coal and oil from tar sands were no longer sound investments. With...

Tags: leading fund australian pension

Category:Electronics and Electrical

Latest from this category

All news

»
24.11S
24.11
24.115
24.11SR
24.11 RC24.4.5
24.11115+128717dz
24.11lavaSUKALA 3
24.11508A
More »