Better fund, brighter future: let’s get Australia’s money out of fossil fuels.

The Future Fund is Australia’s national wealth fund which invests in global shares, real estate, commodities and bonds on our behalf – currently $200 billion dollars’ worth. Of course, these investments are not just numbers on a spreadsheet. 

They are coal mines, gas port terminals, last centuries fossil fuel power plants. They are the climate impacts that raise sea levels and intensify droughts, floods and bushfires. They are a real and present, harmful danger to people all over the world.

Add your voice

Dear The Hon Peter Costello,

CC: The Hon Josh Frydenberg MP

We are calling on the Future Fund to drop its investments in the fossil fuel industry, starting with companies that mine, explore for and burn coal.

Right now, public money is being invested in areas that harm people and the planet and do little to modernise our economy.

The Future Fund has already made future-thinking investment decisions like refusing to invest in tobacco and certain armaments. Internationally, countries such as Norway and Ireland have committed their sovereign wealth funds to fully divest from fossil fuels.

That’s why we are calling on the guardians of the Future Fund– including you, Peter Costello – to make another decision for Australia’s future. The Future Fund should:

  1. Commit to divesting the Future Fund’s $200 billion in assets from all fossil fuels by 2030 as part of a low carbon, climate-aligned investment portfolio.
  2. Create a Climate Fund that invests heavily in Australia’s transition towards a 100% renewable, accessible and affordable energy system.
  3. Adopt and join initiatives for climate investment, including the G20’s Taskforce on Climate-related Financial Disclosures.
  4. Give transparency in all the investments made by the Future Fund. The Future Fund is investing on behalf of every person in Australia, and our citizens deserve to know how public money is being used.

Sign the petition.

We are calling on the Future Fund to drop its investments in the fossil fuel industry, starting with companies that mine, explore for and burn coal.