Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge?

According to The Guardian, Australia's largest superannuation fund has quietly become the biggest investor in Whitehaven Coal. The reversal is particularly stark: six years ago, AustralianSuper divested from the coalminer to align with a Paris-compatible net zero emissions target. Today, the fund holds Whitehaven's largest stake. The shift raises uncomfortable questions about whether the fund's climate pledges were ever more than marketing, and what it means for millions of Australians whose retirement savings are now tied to the very fossil fuels the fund once promised to abandon.

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