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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...
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Category:Electronics and Electrical