A 23-year-old is suing Australia over climate risk in bonds
- Posted by: vitu
- Categories: Asia, Health
SYDNEY (BLOOMBERG) – The Australian government is defending a class-action lawsuit that claims it’s misleading investors by failing to disclose the impact of climate risk in its bonds.
Amid a growing wave of climate litigation worldwide, 23-year-old law student Kathleen O’Donnell says the Australian Office of Financial Management and the Treasury are deceiving investors by not disclosing climate change alongside other financial risks in its exchange-traded debt. She wants all marketing halted until the disclosures are made.