An Open letter to Telstra Super on fossil fuel investments, particularly Santos and Woodside Energy

The following email to one of my superannuation funds, Telstra Super, was partly generated from the latest Market Forces Climate Wreckers Report. It is easy to generate a letter with specific information to your Super Fund. I added substantially more contextual information to my email. But a short personal note with reasons on the necessity for divesting for our future can also have an impact. 

Every Super member has an opportunity to change how their superannuation is invested, divesting away from fossil fuels to clean energy solutions.

To TelstraSuper,

Time to End all investments in the world’s worst fossil fuel expanders

I’m contacting you to demand that you end the fossil fuel expansion plans of companies you invest my retirement savings in, and publicly divest from them if this fails.

I have particular concerns that your engagement with Woodside and Santos to adopt a change in business, has failed. These companies are almost entirely dedicated to Fossil fuel production and expansion. Your continued investment of member superannuation money  in these companies under the rubric that you can engage and get them to adopt net zero emissions by 2050 is fatally flawed and is not in keeping with your fiduciary duty to act for members long term behalf.