Australian pension funds face criticism for backing oil giants' investments over shareholder returns.

Australian superannuation funds are facing criticism for not using their influence over oil and gas giants like Woodside Energy and Santos to protect shareholder value and retirement savings. Critics, including Market Forces, argue the funds should push for more capital returns to shareholders rather than backing new oil and gas investments. Despite accusations of greenwashing, both Woodside and Santos claim their investments align with climate commitments.

December 01, 2024
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