Our planet has warmed an average of 1 degree Celsius since pre-industrial times.
Already climate change is estimated to cause over 150,000 deaths worldwide each year through increased extreme weather events, increased transmission of infectious diseases and failing food production (2).
Burning fossil fuels for heat and electricity are the single largest sectoral contributor to greenhouse gas emissions and climate change.
Air pollution from combustion of fossil fuels causes hundreds of thousands of deaths worldwide each year.
First State Super's Investments
Their default investment option includes shares in fossil fuel companies such as Woodside Petroleum, Origin, AGL, Caltex, Santos and Exxon Mobil.
First State Super have divested from tobacco and from Transfield Services (now Broadspectrum) who operate asylum seeker detention centres. There is therefore a clear precedent for divesting from industries that harm health.
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