A 23-year-old is suing Australia over climate risk in bonds

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.

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