Unisuper dumps coal assets as sector turns its back on fossil fuels

Unisuper’s Global Environmental Opportunities fund that excludes oil, gas and coal companies and returned 13.9 per cent for the year, compared to its balanced fund which returned 1 per cent.

Unisuper has dropped its holdings in three ASX-listed energy companies but would not comment on whether this was a broader thermal exclusion across the fund.
— Read on www.theage.com.au/business/banking-and-finance/unisuper-dumps-coal-assets-as-sector-turns-its-back-on-fossil-fuels-20200803-p55hzd.html

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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