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Fossil Fuels

Fossil Fuels

We do not invest in companies that mine, burn or extract fossil fuels, or in companies that provide significant services to the fossil fuel industry.

We don’t invest in fossil fuels because they are the leading cause of climate change, which threatens the health and stability of our society, economy and natural ecosystems.

Superannuation funds prop up big polluters with the retirement savings of everyday Australians. Aussies collectively have $2 trillion in super. Research shows super funds could be investing up to half of that money (your money) in companies looking to profit from pollution.

The world is moving away from fossil fuels. Your super can, too. 196 countries around the world have committed to keep warming to 2 degrees. To succeed, fossil fuel reserves must stay in the ground. Enjoy peace of mind with Cruelty Free Super, knowing your super savings are free from fossil fuels.

What does divestment look like?

As a partner-fund to Australia’s first fossil fuel free super fund - Future Super - we do not invest in any company that mines, burns, or extracts fossil fuels. We also don’t invest in any company that provides significant services to the fossil fuel industry.

When considering a company’s involvement in fossil fuels we ask:

  • Is the company involved at all in the exploration, extraction or mining of fossil fuels?
  • Does the company own or operate fossil fuel power generators, or distribute and retail fossil fuel-generated electricity?
  • Does the company provide specific and significant services to the fossil fuel industry?

If the answer is YES to any of these questions, then they’re out.

Who’s out?

Companies that mine, burn or extract fossil fuels include

  • BHP Billiton
  • Origin Energy
  • Woodside Petroleum

Companies that provide specific and significant services to the fossil fuel industry include

  • Commonwealth Bank of Australia
  • Downer EDI
  • QBE Insurance Group