Posted 27 October 2015 by Andrew MacDonald (NTEU National Office)
The Australian Financial Review today reports that the NTEU has “voted to divest fossil fuel holdings from its investment portfolio – making it the first union in the country to do so”.
The National Tertiary Education Union told Fairfax Media it was the first Australian union to commit to screening out fossil fuel interests from its investment portfolio, after this month ratifying an ethical investment brief.
National President Jeannie Rea said the science on climate change was “unequivocal”.
“To ensure a safe future, we must keep fossil fuels in the ground, investment in coal, oil and gas is not an option,” Rea said.
“The NTEU is proud to be the first union in Australia to join the movement of almost 400 institutions which are moving their money out of fossil fuels, in response to the climate crisis.”
The full article is available at: http://www.afr.com/business/mining/city-of-melbourne-steps-up-anticoal-push-and-education-union-divests-20151026-gkir66