Malcolm Fraser and John Hewson back ANU fossil fuel divestment decision
Former Liberal leaders sign open letter in support of university’s decision to divest from a number of fossil fuel companies
Dock the universities the cost of what they’ve helped block Andrew Bolt’s leftist call to socialise/ and or police and regulate university investment funds. Challenging Christopher Pyne’s call for ‘free market’ independance
“We cannot understand why a government that is committed to deregulating the university sector would question the ability of a university to make investment decisions,” the letter says.
The university has announced its offloading holdings in Iluka Resources, Independence Group, Newcrest Mining, Sandfire Resources, Oil Search, Santos and Sirius Resources for ethical reasons.
The decision represents 1% of the university’s total investment holdings.
Treasurer Joe Hockey and education minister Christopher Pyne have criticised the move.
Hewson warned against bullying from vested interests.
“The mining industry has bought this government like it bought the last one,” Hewson told ABC Radio.
The Liberal party was supposed to stand for freedom and individual choice.
“It’s a totally unjustified intervention by government,” he said.
“If I was a superannuation fund manager I would wonder how long it would be before they start instructing us where we should invest our money.”