Health fund HCF divests from fossil fuels, saying industry harms members

In Australia-first move, private fund to pull $20m out of fossil fuel companies in acknowledgement climate change harms health

HCF has become the first Australian private health fund to divest from fossil fuels, having decided that the industry harms the health and wellbeing of its members, pulling about $20m out of fossil fuel companies in Australia and overseas.

In a letter to the campaign group Market Forces dated 15 December 2016, HCF said it would be divesting from fossil fuels on the same ground it used for pulling out of the tobacco industry.