Malcolm Turnbull believes Australia is in “real need” of listed clean energy companies for ESG funds to invest.
Speaking at VanEck’s Visionaries and Innovators Series on Friday, the former prime minister said there is an opportunity in the market for a clean energy company to step up.
“There is obviously a big clean energy sector in Australia,” Mr Turnbull said.
“I think there is a real need for some big listed clean energy companies. There was a big listed company called Infigen... it had a portfolio of mostly wind and some solar. It had the potential of being that type of company.”
Mr Turnbull said he attempted to work with Infigen to develop a strategy with them to be Australia’s “big clean energy company” but failed due to a “very unimaginative board” and “very unimaginative shareholders”.
“There was a big opportunity missed,” he said.
“So I think there is an opportunity in the Australia market for someone to consolidate clean energy assets in a way that presents an opportunity for ESG funds to invest.”
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