Govt needs to clarify law on cluster bombs

The National Government needs to now take responsibility and set some bottom lines around investment in cluster bombs, landmines, and nuclear weapons, the Green Party said today.

The Police have today decided not to prosecute fund managers who have made investments in cluster bomb manufacturers, saying such investments do not breach the Cluster Munitions Prohibition Act. The legality of those investments now remains up in the air.

“New Zealanders haven’t changed their opinion on the ethics of cluster bombs so it’s time the Government set some clear bottom lines for responsible investment when it comes to these illegal weapons of war,” Green Party finance spokesperson Julie Anne Genter said.

“New Zealanders have strong values, and it’s the Government’s responsibility to uphold those shared values in law and policy.

“It’s not okay to make money from companies making weapons that end up blowing kids' legs off or leave our world more vulnerable to a nuclear catastrophe.

“It’s the Government’s duty to uphold our high ethical standards when it comes to how we invest our money.

“New Zealanders have shown over the last few weeks that they care strongly about how their funds are invested. The National Government should too.

“The goal of the legislation surrounding cluster bombs, landmines, and nuclear weapons was to make it illegal to support or profit from these industries,” said Ms Genter.

 

Latest Finance Announcements

Story

Housing plan a start, but much more needed to meet the scale of the crisis

The Government’s housing announcement is a very small start but it doesn’t go far enough to genuinely meet the scale of the crisis.
Read More

Story

Greens announce 4 point plan to stop runaway housing crisis

The Green Party is calling for bold, transformational measures to stop the accelerating housing crisis that is locking New Zealanders out of a stab...
Read More

Story

Tax data exposes gross inequity between the wealthiest and poorest New Zealanders

Government data today shows that the wealthiest New Zealanders aren’t paying their fair share of tax, whilst everyone else chips in, Green Party sp...
Read More

Story

Economic windfall should be funnelled straight back into communities: Green Party

Following an economic forecast that shows Aotearoa strongly rebounding from COVID-19, and Crown accounts looking much healthier than expected, the ...
Read More

Story

Green Party to abstain from tax changes that will worsen house crisis in absence of tax on assets

The Green Party will abstain from a bill that will make slight changes to income tax brackets.
Read More

Story

Green Party welcome Adrian Orr’s full and frank advice on tax

We welcome Adrian Orr signalling that he will provide advice to the Finance Minister on fiscal measures, include tax changes, to cool the housing m...
Read More