Business
Australian super funds entangled in US pipeline cyber attack – The Australian Financial Review
IFM Investors, which is owned by 27 Australian union-and-employer-backed industry superannuation funds, owns a 16 per cent stake in Colonial Pipeline.
The pipeline transports about 2.5 million barrels of gasoline and other fuel over nearly 10,000 kilometres from Texas through to the New England and serves some of the largest and busiest airports in the US.
On Thursday (AEST), Colonial restarted operations but warned the pipeline would not be fully functional for several days.
Following this restart it will take several days for the product delivery supply chain to return to normal, Colonial said in a statement.
Some markets served by Colonial…
Continue Reading