Australian government bullies ANU after divestment decision.

Guardian: “The government has been accused of bullying the Australian National University, after Joe Hockey criticised it for divesting from a number of fossil fuel companies.”
“In highly unusual remarks about a business’s investment decisions, the treasurer said ANU should reconsider its decision to jettison investment in seven firms – Santos, Iluka Resources, Independence Group, Newcrest Mining, Sandfire Resources, Oil Search and Sirius Resources.
“I would suggest they’re removed from the reality of what is helping to drive the Australian economy and create more employment,” Hockey told the Australian Financial Review.
“Sometimes the view looks different from the lofty rooms of a university.”
Hockey is one of several politicians to publicly rebuke ANU over its fossil fuel divestment. The assistant infrastructure minister, Jamie Briggs, said he would write to the ANU vice-chancellor, Ian Young, to ask him to reconsider the blacklisting of coal seam gas company Santos.
….Tim Buckley, former head of equity research at Citigroup and now head of the Institute of Energy Economics and Financial Analysis, said ANU was being “bullied” by the government over its stance.
“I find it absolutely bizarre because, the last time I checked, investment managers have the right to change their portfolios,” he told Guardian Australia.
“I can’t fathom why Australian politics has stooped as low as this. Joe Hockey should really be concentrating on his day job and try to pass his budget.
“It makes me really worried about Australia’s’ economic future. Politicians have wedded Australia so strongly to bulk commodity exports that the country has a huge structural risk because the world is moving away from carbon-intensive fuels.”