{"id":122916,"date":"2025-09-06T10:09:21","date_gmt":"2025-09-06T10:09:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/122916\/"},"modified":"2025-09-06T10:09:21","modified_gmt":"2025-09-06T10:09:21","slug":"independent-mp-peter-george-to-divest-fossil-fuel-and-gambling-shares","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/122916\/","title":{"rendered":"Independent MP Peter George to divest fossil fuel and gambling shares"},"content":{"rendered":"

New Tasmanian independent MP Peter George has announced he will divest shares in fossil fuel and gambling companies after acknowledging they conflict with his political platform and personal values.<\/p>\n

The Franklin independent, elected in the state\u2019s recent snap state election, disclosed shareholdings in companies including Origin Energy and Endeavour Group.<\/p>\n

George said these holdings were at odds with his campaign promises, which included opposition to new fossil fuel extraction in Tasmania and advocacy for mandatory pre-commitment cards for poker machines.<\/p>\n

\u201cEndeavour and Origin I agree are inappropriate due to my approach to life,\u201d George told the ABC<\/a>.<\/p>\n

\"\"He considers his fossil fuel holdings inappropriate for his political values<\/p>\n

\u201cI\u2019m really quite pleased it\u2019s been raised. It\u2019s better than having it sit there for years.\u201d<\/p>\n

The former ABC journalist explained he inherited the shares from his mother who died more than three years ago, but had not thoroughly reviewed the portfolio until it came to light this year.<\/p>\n

\"\"George has advocated for mandatory pre-commitment cards for poker machines. Image \/ Pulse<\/p>\n

\u201cWith Origin, there\u2019s no great excuse. It\u2019s tardy of me. There\u2019s no excuse, but there is a reason,\u201d he said.<\/p>\n

George\u2019s parliamentary returns also revealed his self-managed superannuation fund includes interests in mining companies BHP and Rio Tinto.<\/p>\n

While not opposing Australian mining broadly, he plans to divest from Rio Tinto due to concerns about their treatment of Indigenous sacred sites.<\/p>\n

The independent MP declined to disclose the exact number of shares he owns, describing it as personal financial information.<\/p>\n

\"\"George acknowledged his failure to review his portfolio until recently. Image \/ Pulse<\/p>\n

His Endeavour Group shares were reportedly issued to Woolworths shareholders during the companies\u2019 demerger.<\/p>\n

Holding Type
\nCompany \/ Security<\/p>\n

Personal Holding
\nANZ Group Holdings<\/p>\n

BHP Group Ltd<\/p>\n

Commonwealth Bank<\/p>\n

CSL Ltd<\/p>\n

Endeavour<\/p>\n

Magellan Fin Grp Ltd<\/p>\n

Northern Star<\/p>\n

Origin Energy<\/p>\n

Southwest Ltd<\/p>\n

Soul Pattinson<\/p>\n

Transurban<\/p>\n

TPG Telecom Ltd<\/p>\n

Westpac Banking Corp<\/p>\n

Woolworths<\/p>\n

SMSF (Curran George Retirement Plan)
\nAu Clinical Labs<\/p>\n

AFI (Australian Foundation)<\/p>\n

ANZ Group<\/p>\n

APA Group Securities<\/p>\n

ARGO Investments<\/p>\n

BHP Group Ltd<\/p>\n

Commonwealth Bank<\/p>\n

CSL Ltd<\/p>\n

National Australia Bank<\/p>\n

Rio Tinto Ltd<\/p>\n

South32 Ltd<\/p>\n

Transurban Securities<\/p>\n

Telstra Group<\/p>\n

Westpac Banking<\/p>\n

WAMINCOMEMAX<\/p>\n

Woolworths<\/p>\n

CHTR<\/p>\n

H LWR Securities<\/p>\n

Qualitas<\/p>\n","protected":false},"excerpt":{"rendered":"New Tasmanian independent MP Peter George has announced he will divest shares in fossil fuel and gambling companies…\n","protected":false},"author":2,"featured_media":122917,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[64,63,75,128],"class_list":["post-122916","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-au","tag-australia","tag-environment","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/122916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=122916"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/122916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/122917"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=122916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=122916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=122916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}