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About our screen:

Fossil Fuels

Fossil Fuels

We don’t invest in fossil fuels because they are the leading cause of climate change, which threatens the health and stability of our society, economy and natural ecosystems.

We do not invest in any company that mines, burns or extracts fossil fuels, or in companies that provide specific and significant services to the fossil fuel industry.

It’s time to stop funding the fossil fuel industry.

The fossil fuel industry has known about climate change for decades. And yet they’re still on a mission to burn every last drop of oil and lump of coal. Warming the planet is their business, literally.

Superannuation funds prop up big polluters with the retirement savings of everyday Australians. Aussies collectively have $2 trillion in super. Research shows super funds could be investing up to half of that money (your money) in companies looking to profit from pollution.

The world is moving away from fossil fuels. Your super should, too. 196 countries around the world have committed to keep warming to 2 degrees. To succeed, fossil fuel reserves must stay in the ground. Enjoy peace of mind with Future Super, knowing your super savings are free from fossil fuels.

Take control of your super power. Whether you have a little or a lot, making the switch to fossil free super is powerful:

  • Join the global divestment movement. Around the world hundreds of organisations and thousands of individuals have moved their money out of fossil fuels.
  • Be part of the solution. The renewable energy revolution is already underway, and your super savings can help fund the transition at home and abroad.
  • Reduce your carbon footprint by divesting your dollars from the world’s biggest polluters.
  • Send a signal to super funds and politicians that funding climate change is not on.

What does divestment look like?

As Australia’s first fossil fuel free super fund, Future Super does not invest in any company that mines, burns, or extracts fossil fuels. We also don’t invest in any company that provides significant services or financing to the fossil fuel industry.

When considering a company’s involvement in fossil fuels we ask:

  • Is the company involved at all in the exploration, extraction or mining of fossil fuels?
  • Does the company own or operate fossil fuel power generators, or distribute and retail fossil fuel-generated electricity?
  • Does the company provide specific and significant services to the fossil fuel industry? This may include engineering, logistics, financing, or transport.
  • Does the continued viability of the business depend on the expansion or continuation of the fossil fuel industry?

If the answer is YES to any of these questions, then they’re out.

Who’s out?

Companies that mine, burn or extract fossil fuels include

  • BHP Billiton
  • Origin Energy
  • Woodside Petroleum

Companies that provide specific and significant services to the fossil fuel industry include

  • Commonwealth Bank of Australia
  • Downer EDI
  • QBE Insurance Group

We are the only super fund in Australia to not invest in the big four banks, who have together loaned $70 billion to fossil fuel projects since 2008. You can find out more about the big four’s involvement in fossil fuels here: https://www.marketforces.org.au/banks-new/

Listing all the companies that are excluded from our investments would take up more space than we want to give them. To see a larger list of fossil fuel companies and providers visit http://superswitch.org.au/companies/