Too uncertain, too slow: funds rule out financing Dutton nuclear plan
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.
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