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Australia’s No. 2 Pension Fund Divests From Thermal Coal

  • First State Super to cut carbon emissions by 45% by end-decade
  • Anglo American, Whitehaven Coal have been sold to meet plan
    

Photographer: Nelson Ching/Bloomberg

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Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change.