Future Fund nuclear investments
May 14, 2011
In May 2011 ICAN Australia revealed through freedom of information laws that the government-owned Future Fund had investments worth A$135.4 million in 15 foreign-owned companies involved in the manufacture of US, British, French and Indian nuclear weapons. Earlier that year, the Fund – which was established in 2006 to cover the pension costs of retiring parliamentarians, judges and public servants – announced that it had divested from 10 companies involved in the production of cluster munitions and land mines. But nuclear weapons companies still have not been excluded from its investment portfolio.