Calorie-free criticism has been directed by some commentators about the shareholdings North Sydney independent Kylea Tink has in two fossil fuel companies: Viva Energy Group and Beach Petroleum.
Viva Energy Group is an entity that runs an oil refinery while Beach Petroleum is an oil and gas play.
She also discloses interests in three private companies as well as other shareholdings in Sonic Healthcare, Telstra, Transurban Stapled Securities, and Charter Hall Social Infrastructure REIT.
The charge levelled at Tink given the shareholding in Viva Energy Group and Beach Petroleum is that she has shares in companies involved in a sector that she advocates, and it is argued that she benefits financially from any profits these companies make as a shareholder.
It is then used as a way of arguing that the parliamentarian is guilty of hypocrisy because she has shares in a sector that she has campaigned against.
The optics are terrible, right? Let’s take a closer look – pun intended.
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