Greens welcome new ACC zero carbon plans, call for ruling out any future fossil fuel investment

The Green Party welcomes the ACC’s announcement to achieve net zero carbon emissions by 2050 but emphasises the need to go further, and faster to truly meet the climate change challenge.

ACC has unveiled a dual pathway plan of 60% corporate emissions reduction by 2025 from 2019 levels, and 50% divestment from carbon intensive investments by 2030 from 2019 levels.

Green Party MP Chlöe Swarbrick, who has a member’s bill in the ballot that would ensure that all public funds, including the ACC, divest from the extraction and production of fossil fuels, said:

“We welcome the increased effort by the ACC to be a good steward when it comes to climate action, and I look forward to seeing further detail in the coming months about their divestment plan.

“I’ll be looking for a guarantee that they will be leaving direct investment in fossil fuels in the past, at the very least.

“We know that to ensure we avoid the worst impacts of a climate crisis, we cannot afford to burn most of fossil fuels that have already been discovered. Responsible public entities should not be banking on global warming, but investing in our clean, green climate future.

“We’re working hard to create a future that we can be proud to pass on to our kids and our grandkids. That’s going to take a total divestment from fossil fuels over the coming decades.

“We’re glad to see ACC mention the Zero Carbon Act as its driver for today’s policy announcement. The Greens will continue our work to relegate fossil fuels to where they belong, in the history books.”


  • ACC’s new announcement follows yesterday’s fix to the Emissions Trading Scheme, and builds on a ban to new off-shore oil and gas drilling, uncontested passage of the Zero Carbon Act and creation of the Independent Climate Commission.
  • Last year, the Greens secured a Select Committee briefing on ACC’s $1 billion investment in fossil fuels, and put public questions to the Minister of Finance requesting his use of discretion under the Public Finance Act to direct that move.



Let’s ditch fossil fuels once and for all

When all our energy comes from the sun, the wind, and the flow of rivers, we won’t need to burn the fossil fuels that cause the climate crisis. Our...


Support our Poverty Action Plan

Our Poverty Action Plan will completely change the way we support people in New Zealand so when people ask for help, they get it. It overhauls the ...


Local Events

We have activists across Aotearoa / New Zealand who are working hard to build a brighter future for our kids and grandkids. This page lists upcomin...
Take Action


It's time to pay our essential workers a dignified wage

Our essential workers are the heroes getting us through the COVID-19 crisis, yet for too long they’ve been...
Take Action

Latest Climate Change Announcements


Govt progress on climate change essential, risk assessment shows

The release of the National Climate Change Risk Assessment shows that the progress this Government has made to solve the climate crisis is essentia...
Read More


Clean energy

We know we need to go further and faster on climate action, which is why we’re proposing a plan to kick-start the transition to end the use of foss...

Climate change

The Green Party wants future generations to know we did everything we could to prevent the climate crisis. Unfortunately, previous governments lef...
Read More

Clean Energy Plan

The Green Party has always been clear that climate change needs to be tackled now, and we’ve done more in the last three years than the past 30 yea...
Read More


Another Green win as climate change considerations inserted into the RMA

The Green Party is thrilled to see changes to the Resource Management Act (RMA) that mean consents for large projects can be declined if they will ...
Read More


Climate Change Policy

To stabilise the climate for future generations, emissions across the entire economy must be reduced immediately. Creating a just transition to a n...
See More