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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett

Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge?

Whitehaven Coal's Narrabri underground coalmine
Whitehaven Coal’s Narrabri mine. Some are questioning if AustralianSuper’s investment portfolio is aligned with its climate goals. Photograph: Mike Bowers/The Guardian

Almost six years ago, the country’s biggest superannuation fund announced a major policy update: AustralianSuper’s investment portfolio would be subject to a net zero carbon emissions target in line with the Paris agreement.

To make the point, the fund dumped its holdings in the large thermal and metallurgical coalminer Whitehaven Coal.

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