It took a major international investment group with $279bn under its control to break through the climate-laden rhetoric of geopolitics last week.
You may not have heard of Robeco Institutional Asset Management, but on Thursday the Netherlands-based asset manager made a stunning declaration, singling out Australia as a country with a “particularly high-risk profile” that it wants to pressure to transition out of fossil fuels.
The warning that it would look to restrict investments in the country’s government bonds came after a week that started in the village of Carbis Bay in Cornwall and careered through an oil and gas conference in Perth.
Robeco’s position shows it’s unconvinced by the Morrison government’s claim its technology-led approach to cutting greenhouse gas emissions stands credibly on the international stage.
The prime minister, Scott Morrison, had taken his technology-focused, Australia-first talking points to…