Despite taking a vocal stance on the need to address climate change, some of Australia's biggest super funds have billions invested in coal and other fossil fuel firms
$7.65 billion in oil and gas, including Atmos Energy Corp, Imperial Oil Limited, Paz Oil Company, Santos, and $170 million in thermal coal including Dominion Energy, FirstEnergy, Tokyo Electric Power Companies.26 oil and gas companies including Engie Brasil Energia, Diamondback Energy, Beach Energy, Cooper Energy, APA, BHP Billiton and 8 coal companies including Whitehaven Coal, New Hope, Idemitsu Kosan.
Unisuper, a $85 billion fund that has more than 450,000 members largely from the university and research community, said it had no plans to divest its $170 million investment in 14 thermal coal companies nor the $7.82 billion it had spread across 13 gas, oil and petrol companies, including Santos, Woodside Petroleum and Australian Oil and Gas.
"Our ownership of shares in these companies gives us the ability to engage and influence. Selling our holdings would deprive us of this important right," Hostplus chief executive David Elia said in an emailed statement. It also has investments in at least 12 oil and gas companies, including Oil Search, Santos and China Gas.
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