Investment chiefs from the country’s biggest superannuation funds will not bankroll Opposition Leader Peter Dutton’s nuclear power plan, despite strong appetite for other energy transition assets and a shortage of domestic investment opportunities.
Aware Super CIO Damian Graham said the production timelines on nuclear were too long to help meet the fund’s own net-zero targets. His counterpart at UniSuper, John Pearce, said nuclear investments would not make money for members fast enough, while Cbus ruled it out completely.
