Australian Super Fund Allegedly ‘Greenwashed’ Investments

Australian Super Fund Allegedly ‘Greenwashed’ Investments
The outside of the Supreme Court of New South Wales building is seen in Sydney, Australia, on Oct. 9, 2013. William West/AFP via Getty Images
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A superannuation fund is being sued by Australia’s financial watchdog for allegedly misrepresenting itself as “ethical and responsible”.

Active Super allegedly held investments in tobacco, gambling and fossil fuels, including Russian oil and gas companies.

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Australian Associated Press is an Australian news agency.
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