The limited support from super funds for renewables and their strong backing for fossil fuel companies suggests they are putting their money on vested interests prevailing over social leadership, according to one of Australia's leading super fund executives.
Former Liberal leader John Hewson and ex-ACTU president Sharan Burrows are among those behind a new global campaign that says super funds are largely 'dodgers, stallers, tricksters and pleasers' on climate change, with Hewson accusing funds of hypocrisy for backing corporate transparency through the Carbon Disclosure Project but evading scrutiny of their own actions.
Westpac will 'avoid' transactions that support greenhouse-gas intensive power plants and is 'speaking out' on sustainable business practices, but has fallen short of meeting this year's target for cutting its own greenhouse gas emissions, today's sustainability report reveals.
'Easy Being Green' sold to green energy retailer * WA geothermal legislation enters into force as first acreage released * EPA Victoria investigates Transpacific Cleanaway over contaminated soil stockpile * FTSE establishes environmental technology index
Office and residential property developer Investa is backing a call by the Australian Conservation Foundation for all political parties to support a national 'feed-in' tariff to make solar PV systems more economically viable. (plus audio)