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 Destructive OZschwitz Greens push to end Future Fund fossil fuel investment

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Destructive OZschwitz Greens push to end Future Fund fossil fuel investment Vide
PostSubject: Destructive OZschwitz Greens push to end Future Fund fossil fuel investment   Destructive OZschwitz Greens push to end Future Fund fossil fuel investment Icon_minitimeThu Jun 06, 2013 5:27 am
The Greens will on Thursday launch a campaign to get the $85 billion Future Fund to sell its holdings in fossil-fuel industries, starting with coal.

The fund's energy holdings now total about $3 billion, and are exposed to a ''carbon bubble'' as nations shift towards low-carbon fuels, Greens leader Christine Milne said.

The International Energy Agency last year estimated that two-thirds of proven fossil-fuel reserves would have to remain in the ground if the world is to avoid global warming of 2 degrees above pre-industrial levels.

''It's good for the planet, good for people and good for long-term financial management to get out of coal,'' Senator Milne said.

Read more: http://www.smh.com.au/opinion/political-news/greens-push-to-end-future-fund-fossil-fuel-investment-20130606-2nr45.html#ixzz2VQW3Tnll
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