
The National Tertiary Education Union (NTEU) announced on October 27 that it will join the movement to screen out fossil fuel interests from its investment portfolio. It will also look for ethical investment opportunities in renewable energy.
It is the first Australian union to commit to divest from fossil fuels, and follows its decision to adopt a position on ethical investment at its national meeting held in Melbourne, October 8-10.
The union represents tens of thousands working at tertiary education institutions around the country.