The federal government's decision to have the fund invest in housing and green energy has ruffled Coalition feathers.

The federal government’s decision to have the fund invest in housing and green energy has ruffled Coalition feathers.

[…]

But [treasurer Jim Chalmers] has broken a bipartisan practice that had lasted 18 years: resisting the temptation to ask the fund to do anything other than chase financial returns.

It opens up a debate about what Australia does, and should do, with the hundreds of billions of dollars it has squirrelled away.

  • MHLoppy@fedia.ioOP
    8·
    2 days ago

    I do find it funny (though perhaps understandable) that so many of the investments are in pretty (ethically) shit companies because they align with the financial objective of making the most money. It also means that, seemingly, the Future Fund has used its shareholder vote against the interests of Australians on company climate policy.

    Also TIL we’re a Tencent investor.