Uranium mining, nuclear power and 'ethical' investment - ABC News (Australian Broadcasting Corporation) - 0 views
-
A recent Corporate Watch Australia survey reveals that many so-called ethical investment funds invest in uranium mining. The number has risen significantly in recent years. Some fund managers justify investment in uranium with questionable arguments about nuclear power and climate change, but the primary reason for the shift is probably BHP Billiton's entry into the uranium industry with its 2005 acquisition of WMC Resources, which owns the Olympic Dam uranium mine in South Australia.