Future Fund ramps up ‘alarming’ fossil fuel exposure
Australia’s sovereign wealth fund significantly boosted holdings in major fossil fuel giants, directly contradicting its stated climate commitments. This strategic shift raises serious concerns about greenwashing, as financial actions clearly mismatch public promises to future generations. Such behavior exemplifies how institutions may claim sustainability leadership while actively financing the very industries driving climate crisis.
Source: afr.comPublished on 2024-10-25