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

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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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Hannah Wootton is a reporter for the Financial Review. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/politics/federal/too-uncertain-too-slow-funds-rule-out-financing-dutton-nuclear-plan-20240706-p5jrku