Australia’s pension fund aligns with government’s decision to support natural gas 

HESTA, one of Australia’s largest pension funds, has backed arguments by the government and the country’s big energy companies that natural gas will be needed as a bridging fuel in the transition to cleaner power. 

At the Australian Financial Review ESG Summit, Debby Blakey, Chief Executive Officer, said, “HESTA has assets of $55 billion and holds stakes of at least 0.5% in the country’s two biggest natural gas producers, Woodside Energy Ltd. and Santos Ltd. While the fund recognizes the need for the fuel, it is continuing to push big polluters to move away from fossil fuels and reach Net-Zero goals.”