abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

16 Jun 2020

Charlotte Grieve, The Sydney Morning Herald

BlackRock and CBUS faces pressure over investee company China Shenhua Energy’s plans to destroy Aboriginal artefacts

See all tags

“Investors face pressure over miner set to destroy Aboriginal artefacts”, 16 June 2020

The world’s largest asset manager and a top superannuation fund are facing pressure to explain investments in a Chinese conglomerate set to destroy ancient Aboriginal artefacts at a coal mine in regional NSW.

China Shenhua Energy … is planning to construct an open-cut mine next to the Liverpool plains near Gunnedah…

The mine has been fiercely opposed by the site's traditional owners, the Gomeroi people…

… BlackRock … has hundreds of millions dollars invested in China Shenhua Energy…

CBUS also confirmed a small investment in the firm…

Failures by mining companies to preserve Indigenous artefacts have come into sharp focus after … Rio Tinto … decimated a 46,000-year-old site … against the wishes of its traditional owners.

Gomeroi woman Dolly Talbott called on major institutional investors to boost transparency about where they put their clients' money.

[CBUS] said it was considering divesting its stake … and would ask its investment managers to incorporate First Nations heritage issues into engagement strategies.

BlackRock has … pledged to reduce its holdings of thermal coal. The firm's founder … has also been a prominent supporter of the Black Lives Matter movement.