Medibank drops fossil-fuel investments worth tens of millions of dollars

Australia's largest private health insurer says it 'acknowledges the science of climate change and the impacts on human health'

Australia's largest private health insurer, Medibank, will shed tens of millions of dollars in fossil-fuel investments because of the effects of climate change on human health.

In a statement to the Australian Stock Exchange before its annual general meeting in Melbourne on Monday, its chair, Elizabeth Alexander, said the company would move to low-carbon investments "in line with our commitment to the health and wellbeing of our customers".