Fossil fuels drag down Australians' superannuation

Investment in fossil fuels is dragging down the returns of Australians’ superannuation, with funds that limit or exclude fossil fuels performing above average in 2015.

Balanced investment funds are estimated to have returned about 5.7% on average in the 2015 calendar year, according to preliminary analysis by Chant West, a superannuation research firm. But Future Super, which avoids any investment in fossil fuels, returned 7.04% in its balanced investment option, new figures reveal.

Read The Guardian story - “Fossil fuel investments damaging Australians’ retirement savings, research shows.”