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Trillion-dollar super war chest waiting to be unleashed on green projects (www.abc.net.au)
submitted 3 months ago by to c/environment@aussie.zone
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Environmental advocacy group Market Forces analysed the direct investments made by Australia's 30 largest superannuation funds since January 2020. It found $99 billion had been invested in 514 renewable energy projects, with the country's top 30 funds contributing $771 million, or 0.8 per cent.

The analysis found that Canadian pension funds have contributed more to Australian renewable energy projects, at $1.2 billion.

Last year, the group also revealed that Australia's top super funds invested more than three times as much in companies with global fossil fuel expansion plans than backing clean energy companies.

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[–] 4 points 3 months ago (4 children)

"Only a complete moron would scrap green projects."- fortunately, we know exactly who and where these people are, what their goal is, when they want to get it done, and why - so what's the hold up on stopping the demise? Boycott their businesses, their invested ventures, their daily products - WHY KEEP GIVING THEM MONEY?

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  • [–] 2 points 3 months ago (3 children)

    No shortage of snake oil in green projects. I've got a few stocks down at 2-3% of the money i put in :(

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