has sold its shares in are LONGi and Jiangsu GoodWe, which are major players in solar energy generation, and Tsingtao Brewery, which sources hops from Xinjiang province, home of the persecuted Uyghur ethnic minority.
“Taxpayer funds and Australians’ retirement savings should never be invested in companies linked to serious human rights abuses, sanctions evasion or military suppliers to an authoritarian state,” Senator Paterson told“But if even the Future Fund had this exposure, imagine what the less transparent industry superannuation funds are invested in.
GoodWe, which produces inverters and batteries, has been recognised for its work by the Chinese Communist Party and work with state-owned enterprises.One of the most intriguing companies that the Future Fund has divested its stake in is Xinjiang Guanghui Energy. The natural gas and coal producer is based in Xinjiang but its chairman, Chinese billionaire Sun Guangxin, came on the radar of US officials when he, sparking speculation the farm could be used for gathering intelligence.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »