Nov 21 2019
ACC is facing mounting calls to sell its investment in fossil fuel companies, following the release of a Parliamentary select committee report into its ethical investment policy.
Green MP Chloe Swarbrick is calling on the fund to sell its fossil fuel investments, and if it refuses for the Government to use the law to force its hand.
The Government-owned fund controls roughly $40 billion worth of investment, with nearly $1b of that currently invested in fossil fuels.
It has $778 million invested in renewable energy.