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Is It The Death Knell For Thermal Coal?

June 17, 2024

Coal will move further into decline as an energy producer in Australia, after several superannuation companies announced that they will no longer support investing in companies that derive 10% or more of their income from thermal coal production. As a former government employee, my superannuation is invested with QSuper. Over a decade ago, I raised the issue of investing in industries that exacerbated climate change. Now, it looks like enough clients have registered concern and they have taken action. Well done. Australian super funds hold A$3.7 trillion in assets.

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