Pacific island climate fund invests in fossil fuels

The Pacific island nation of Tuvalu is made up of a string of low-lying atolls, scattered halfway between Australia and Hawaii. (Photo: AFP)

SYDNEY - A trust fund set up to help a South Pacific island nation gravely threatened by climate change has invested in coal mining, gas exploration and the world’s largest crude oil refinery, an AFP investigation has revealed.

The low-lying Pacific island nation Tuvalu said it was reviewing the “fossil fuel exposure” of the $200-million fund after it was presented with AFP’s findings.