SYDNEY (Reuters) – A group of Indigenous Australians on Wednesday filed a human rights complaint against 20 large Australian pension funds for investing in Santos Ltd’s two gas projects, putting pressure on the funds over their fossil fuel investment plans.
Three traditional landowners, in the complaint filed directly with the superannuation funds, alleged the funds had an “obligation to prevent adverse human rights impacts of companies in which they are invested”.
Indigenous communities alleged the Barossa and Narrabri gas projects will threaten their culture, livelihood, and risked damage to the environment, including affecting the breeding patterns and nesting grounds of animals.
A member in one of the funds has requested information, under an Australian corporations law, requiring the fund to provide its reasons for investing in Santos and justify the benefits, the complaint showed.
Environmental, social and governance issues have increasingly influenced investors in funds and companies, including forcing management changes at miner Rio Tinto after it destroyed culturally significant rock shelters at Juukan Gorge in Western Australia for an iron ore mine in 2020.
Santos did not immediately respond to a request seeking comment but has previously said it undertakes consultation with all key stakeholders for all of its projects.
Commonwealth Super Corp, AustralianSuper, Australian Retirement Trust, Aware Super and AMP – the five largest pension funds – did not immediately respond to requests seeking comment. The 20 funds collectively manage more than A$1.7 trillion ($1.13 trillion).
The move from the Indigenous landowners comes after the Gomeroi people in January filed an appeal to the Australian Federal Court on a permit for the A$3.6 billion Narrabri gas project in New South Wales state. The National Native Title Tribunal in December had permitted Santos to go ahead with the project.
“We will not allow (the environment) to be damaged or desecrated to a point where it will not return to its natural state,” Karra Kinchela, a Gomeroi traditional landowner, said in Wednesday’s statement.
An appeal by Santos to resume drilling on its A$3.6 billion Barossa gas project off northern Australia was rejected by the federal court in December after indigenous groups raised objections.
Santos then said it would apply for fresh approvals for its biggest project in line with the court’s order.
($1 = 1.5092 Australian dollars)
(Reporting by Renju Jose in Sydney; Editing by Lincoln Feast)
