IFM investors in $15 billion US pipeline deal but cops heat on fossil fuel exposure. I speak with IFM chief executive Brett Himbury

Bemoaning a lack of big infrastructure projects in Australia, the industry superannuation owned fund IFM Investors has looked overseas to seal a $15 billion deal to buy the US oil pipeline business Buckeye Partners.

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The latest energy infrastructure acquisition by IFM gives it control of the Houston-based company which pumps liquid petroleum products through almost 10,000 kilometres of pipeline to storage facilities and sea terminals across North America. 

But IFM Investors chief executive Brett Himbury has defended the fund from criticism that the investment risks fossil fuel exposure.