NGOs Accuse ADB Of Funding Indonesia Coal Plants Despite Clean Energy Promises
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Some of the nation’s largest superannuation firms are protecting their members from climate risk by dumping thermal coal from their retirement savings. The Australian Retirement Trust (ART), which looks after more than $280 billion worth of savings, has become the nation’s largest super fund to exclude thermal coal. As a global investor, the fund says […]
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Major Australian Pension Fund To Restrict Coal Investments
Major Australian Pension Fund To Restrict Coal Investments By Tsvetana Paraskova of OilPrice.com Australian Retirement Trust, which manages $183 billion (AUS$280 billion) of retirement savings, is placing thermal coal on its exclusion list as of July 1, as it looks to have a net-zero emissions portfolio by 2050. Thermal coal includes the mining of lignite, bituminous, anthracite, and steam coal and its sale to external parties, the second-largest Australian pension fund said in...