This content is from the 2013 national Federal election and is visible for historical purposes only. Please see our Initiatives page for the most recent content.

Future fund out of coal

It's time for Australia's Future Fund to live up to its name, protect our future and stop investing in fossil fuel companies.

Ending Coal Investment

FUTURE FUND: OUT OF COAL

It's time for Australia's Future Fund to live up to its name, protect our future and stop investing in fossil fuel companies.

Write to the Future Fund board if you agree.

Investing in coal, oil and gas companies is risky business.

Either their vast carbon reserves are left responsibly in the ground, stranding potentially trillions of dollars worth of assets, or they are burned, fuelling catastrophic global warming.

Either way, it's a risky choice. Our Future Fund should not be backing risky investment decisions with taxpayers' money.

Earlier this year, the Future Fund's board decided to stop investing in tobacco companies after a campaign spearheaded by our Senator Richard Di Natale.

We've done it before. We can do it again.

Right now, we estimate that the Future Fund holds around $2 ½ billion of assets in fossil fuels, or around 3% of their portfolio. Investing that money responsibly will be straightforward.

Cities, churches, campuses and citizens across the United States, and here in Australia, are divesting from fossil fuels. Australia's public Future Fund should do the same.

Write to the Future Fund board today to ask them to stop investing in fossil fuel companies.


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