Australia government faces lawsuit over impact of climate change on investors

australia-government-faces-lawsuit-over-impact-of-climate-change-on-investors

A bucket-wheel reclaimer alongside a pile of coal at the Australian port of Newcastle. Photo: Bloomberg A bucket-wheel reclaimer alongside a pile of coal at the Australian port of Newcastle. Photo: Bloomberg

A bucket-wheel reclaimer alongside a pile of coal at the Australian port of Newcastle. Photo: Bloomberg

  • The suit claims the government has deceived investors by not disclosing climate change alongside other financial risks in its exchange-traded debt
  • Meanwhile, Australia remains one of the few developed nations yet to commit to net-zero emissions, risking further isolation following Joe Biden’s election

Topic |  
Australia

Bloomberg

Updated: 12:15pm, 10 Nov, 2020