Barbara Pocock (SA, Australian Greens) Share this | Hansard source

My question is to the Minister for Finance, Senator Gallagher. Unlike those opposite, I think it's good to see the government nudging the Future Fund investment mandate towards public good—public money for public good. However, nothing is being done to get investment out of destructive industries. Private investment funds increasingly face member criticism for making investments in fossil fuel companies that contradict their own net zero targets. Our $230 billion sovereign fund invests billions in Australia's biggest fossil fuel companies. The science is clear: we cannot keep expanding coal and gas if we want to keep global warming below 1.5 degrees. The Future Fund has a clearly stated purpose to invest for the benefit of future generations. Minister, when will your government direct the Future Fund to stop investing in fossil fuels, which are wrecking the future of our kids?