Sydney University creates waves with investment ban on coal

Stefanie Botelho's picture
Thursday, August 28, 2014

The University of Sydney has become the first institution of its type in Australia to halt further investments in coalmining, a move likely to send ripples through the funds industry.

On Monday, the university said it had halted investments in Whitehaven Coal, the miner developing the controversial Maules Creek open-cut coalmine, which is the largest such project in the country.

As part of a review being undertaken by the Mercer Group, however, Sydney University told Fairfax Media the bar on investments extended beyond Whitehaven.

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