Super Funds Respond to Members’ Calls to Dump Coal

Super Funds Respond to Members’ Calls to Dump Coal
A general view of Yallourn Power Station open cut brown coal mine in Yallourn, Australia, on Aug. 16, 2022. Asanka Ratnayake/Getty Images
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Some of the nation’s largest superannuation firms are dumping thermal coal from their retirement savings in response to calls by their members.

The Australian Retirement Trust (ART), which looks after more than $280 billion (US$185 billion) worth of savings, has become the nation’s largest super fund to exclude thermal coal.