Some funds have committed to achieve net-zero carbon emissions in their investment portfolio by 2050. Read more at straitstimes.com.
SYDNEY - Australia’s 30 biggest pension funds increased their investments in key coal, oil and gas producers by 50 per cent in 2022 despite the funds’ long termSuperannuation or retirement funds raised their investment to more than A$34 billion in companies most responsible for expanding fossil fuels, Market Forces said.
Some funds have committed to achieve net-zero carbon emissions in their investment portfolio by 2050. Market Forces only named AustralianSuper, which it said had increased its stake in Woodside Energy Group, Australia’s top independent gas producer, by about 19 times in 2022.
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