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AAP
AAP
Derek Rose

Super funds plunge billions into fossil fuel companies

Amp Australia Joel Carrett Market Forces Oil Coal
Australia's biggest super funds are shovelling billions of dollars into fossil fuel companies. (Dave Hunt/AAP PHOTOS)

Australia's 30 biggest superannuation funds have invested more than $33 billion in companies that are expanding fossil fuels globally, according to research from an activist group.

Market Forces said it was outrageous Australia's largest super funds were propping up the expansion of coal, oil and gas with billions from Australians' retirement savings.

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