An investigation reveals that the Tuvalu Trust Fund, designed to support a nation severely threatened by rising sea levels, has invested in coal, gas, and oil refineries. The fund is managed by Mercer, which holds stakes in some of the world's largest emitters, including Reliance Industries and Woodside Energy. This discovery creates a significant policy contradiction for Tuvalu, which has publicly called for a global fossil fuel phase-out to ensure its survival. The government is now reviewing the fund's exposure to carbon-intensive assets.
