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IFM spurned WA power plant over coal concerns Mar 8, 2021 â 12.00am Save Share IFM Investors walked away from a potential refinancing deal with Western Australian coal-fired power station Bluewaters, which recently had its value written down to zero by its Japanese part-owner, due to ESG concerns about climate change. The decision to reject an offered deal from the Collie-based Bluewaters is alluded to in IFM Investors inaugural climate change report, which shows emissions intensity per $US1 million invested has reduced across its global infrastructure fund by 63 per cent over the three years to 2019, and by 59 per cent in the Australian infrastructure fund over the same period. ....