Shadow treasurer Chris Bowen has backed a push from Industry Super to throw its corporate weight around, as the trillion dollar giant agitates for a greater say in the companies it invests in.
Mr Bowen accused Mr Frydenberg of "ideological warfare" and said he would defend the rights of industry funds to voice their concerns. Industry Super's investment arm, IFM investors, which manages funds worth up to $81 billion, has accused companies of a zombie-like response to climate change and will begin shaming them through emissions reduction targets for its Australian assets."It's incumbent on governments, businesses and individuals to do what we can," he said. "Industry funds wouldn't be the only people who think the company should be having a mind to climate change in their policies.
Source: News Formal (newsformal.com)
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
Scott Morrison stokes fears of a recession under Labor | Sky News AustraliaScott Morrison has stoked fears of a recession under a Labor government, warning a vote for the Opposition would be an 'economic leap in the dark'.\n\nLabor has dismissed warnings of an economic downturn as 'desperate and dishonest', with Shadow treasurer Chris Bowen slamming Mr Morrison's comments as 'highly irresponsible'.\n\nWhen asked if he was being alarmist by raising the prospect of a recession, the prime minister said, 'I think it's the truth.'\n\nImage: News Corp Australia \n\n\n\n\n He’s probably right, like it or not I aggree. Big spending Bill will blow our credit card into space. We need to get our debt down. Stop imagration for at least 5 yrs. Stop the boats and dont give the Greens are chance to start them up again. It's all the LNP is selling, fear. Totally devoid of ideas. In a state of utter policy paralysis, surrounded by incompetence. Led by a leader who is only keeping the chair warm. VoteThemOut
Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: 9NewsAUS - 🏆 10. / 72 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: abcnews - 🏆 5. / 83 Read more »