Why This Is Important
The Clean Energy Finance Corporation (CEFC) is Australia’s green investment bank. It was created to help grow Australia’s renewable energy sector and speed up our transition away from fossil fuels.
The CEFC has $10 billion in taxpayer funds to invest in renewable energy development. The CEFC’s current rules means it can’t invest in unproven coal emissions reduction technology, like carbon capture and storage.
Minister Frydenberg just introduced laws to make the CEFC’s $10 billion available to so-called 'clean coal' investments.
Under Tony Abbott, the Liberal government tried to dismantle the CEFC not once, but twice. Both times they failed.
Now, under Turnbull and Frydenberg, the government is trying to undermine Australia’s renewable energy industry by changing the CEFC’s rules of investment.
Renewable energy is booming. Economies around the world are rapidly transitioning their energy production from fossil fuels to renewables. Australia risks falling even further behind if more taxpayer funds are used to support the failing fossil fuel industry.
Interests in Future Super are issued by Diversa Trustees Limited (ABN 49 006 421 638, AFSL 235153) as trustee of the Future Super Fund (ABN 45 960 194 277). The Founder and Sponsor of the Fund is Future Super Services Pty Ltd (ABN 34 619 076 023, AFS Representative No. 001255665), which is a Corporate Authorised Representative of Future Superannuation Holdings Pty Ltd (ABN 90 167 800 580, AFSL 482684).
When making an employer contribution or requesting a rollover using SuperStream, please search for Future Super using the following numbers:
ABN 32 367 272 075
USI 32 367 272 075 162
Please check back in mid July 2017 for an update to these numbers.