coal

Hedge Funds

Australian Ethical divests from gas

Australian Ethical is to divest from companies that supply gas, as it believes improvements in renewable energy technology are making low-carbon energy sources unnecessary. The $1.3 billion fund has never invested in coal or oil, and led the move to divest from coal seam gas in 2011. However, it has long invested in domestic companies […]
Hedge Funds

HESTA to cut investments in thermal coal

HESTA, the super fund for health and community services, is to progressively implement a restriction on investments in thermal coal. It will not make new investments in unlisted companies that derive more than 15 per cent of revenue or net asset value from exploration, new or expanded production, or transportation of thermal coal. In addition, […]