ACT Government divests almost 50% of its interests in major fossil fuel companies
Research by the Conservation Council ACT and 350.org shows the Australian Government has divested almost 50% of its interests in major fossil fuel companies, dropping shares in 30 companies since July, including 11 companies profiting from coal and 19 from oil and gas. The divested shares include Anglo American, Glencore, Mitsubishi, Exxon, GDF Suez and proceeds from sales add up to nearly 45% in all fossil fuel assets, which has won praise from environmental groups in Canberra. Although the government has shown great progress, it has no plans to fully divest from fossil fuels in the short term, and remains invested in 39 of the world's 200 biggest fossil fuel companies.

"We would love to see a really ambitious plan to get this done quicker," Mr Creaser said. "And we certainly call on Mr Barr to show us more detail of how they plan to get out of more fossil fuels."