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.
For Our Finances
Over 2014-15, HESTA's Core Pool lost an estimated $485 million on fossil fuel company shares.
First State Super lost an estimated $685 million.
For estimates of losses by other major super funds, click here.
HESTA disclose 49% of their Australian holdings and 15% of their international holdings in their Core Pool online.
Their Core Pool's Australian holdings include Woodside Petroleum - Australia's largest independent oil and gas company.
HESTA have refused to provide us with any further details of their fossil fuel investments.
HESTA 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.
Are you a HESTA member and want HESTA out of fossil fuels?
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.
Are you a First State Super member and want First State out of fossil fuels?
Can you help us spread the word?
Not enough people know about HESTA's and First State Super's investments in fossil fuels and how they're harming health.
If enough HESTA and First State Super members contact their fund and ask them to divest from fossil fuels, the funds will listen.
Can you help us spread the word to HESTA and First State Super members?
Are you with a different super fund?
Most super funds are invested in fossil fuels - to find out whether yours is or not, and by how much, head to Market Forces' Super Switch website.
If your fund caters to healthcare workers, please email us at email@example.com and we'd be keen to help you set up a campaign for your super fund to divest, if you like.
If your fund doesn't cater to healthcare workers, head to Super Switch to find out other ways you can take action.
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