The below excerpt from the SMH today.If GNX gets sold off, looks like we’ve lost out right at the wrong time…

Investors eager to power Australia’s switch to renewables, not nuclear

Superannuation giants and other large investors are increasingly willing to plough billions of dollars into Australian renewable energy projects, but have expressed little desire to explore new opportunities in nuclear power.

Capital markets’ confidence in funding projects related to Australia’s energy transition has rallied in the past two years amid significant improvements in policy and regulatory certainty, according to the country’s most comprehensive report on institutional investors’ climate priorities.

The findings, to be published on Monday, are based on the annual survey of the Investor Group on Climate Change – a coalition of 104 global and local institutional investors including AustralianSuper, Cbus, HESTA, Fidelity, BlackRock and Vanguard.

This year, the survey canvassed the views of 63 superannuation funds and other institutions holding a collective $37 trillion of assets under management.

Nearly half of all the respondents ranked renewableenergy as the top opportunity they believe will deliver the best long-term returns for their beneficiaries. Investors are also seeking opportunities in areas such as energy storage, critical minerals needed to build clean technology, and green hydrogen.