Already a subscriber?David Di Pilla’s HMC Capital will defy a gloomy market outlook around the stalled shift away from fossil fuels and will target superannuation investors as it attempts to build a $2 billion fund centred on the transition to clean energy.
As prime minister, Ms Gillard launched a short-lived carbon pricing mechanism that was ultimately repealed by the Coalition in 2014 after Labor lost government. HMC’s Energy Transition Fund will be launched in the second half of the year and seek $2 billion from institutions and other wholesale investors.
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