Last week’s commitment by the Australian National University to divest its sizeable endowment from seven companies with questionable environmental credentials triggered a fierce backlash.
The government has led the attack, with Treasurer Joe Hockey suggesting ANU was ‘…removed from the reality of what is helping to drive the Australian economy.’
In this morning’s Canberra Times, dozens of investors and business people, including former Prime Minister Malcolm Fraser, have signed an open letter supporting the Australian National University‘s decision to invest in or divest from companies on environment, social or ethical grounds.
The Australia Institute is working with others to ensure another full page ad runs in Friday’s Australian Financial Review, only this time it will feature an open letter from outraged investors AND members of the public. Like you.
Research by The Australia Institute suggests that one in four Australians with super would prefer their retirement savings not be invested in fossil fuels. That’s around $250 billion worth of consumer sentiment.
ANU is under pressure. Your voice can support the ANU’s responsible investment. Add your name to the open letter by 9am Thursday to have a chance of seeing it in Friday’s Australian Financial Review.
We’ll squeeze in as many names as we can fit into a full page.
P.S. Please forward this email on to anyone else you think would like to show their support for ANU’s ethical divestment.