For every dollar invested in clean energy companies, superannuation funds have five dollars invested in the expansion of fossil fuels, an index has found.
Australia's top 30 super funds have more than $39 billion invested in the global expansion of gas, coal and oil, according to a report released on Tuesday by shareholder organisation Market Forces.
Retirement savings allocated across the Climate Wreckers Index - a group of 190 coal, oil and gas companies - have more than doubled in the two years to December 2023 in the largest or default investment options, based on the latest available disclosures.
