New analysis of the financial statements of Genesis, Mighty River Power, and Meridian released by the Green Party today shows that National’s partial privatisation of power companies has cost New Zealand taxpayers $871 million, the Green Party said. “The latest data shows that National’s sale of 49 percent of shares in the power companies was a massive transfer of wealth from the people of New Zealand to a few select investors, many who live overseas,” Green Party energy spokesperson Gareth...

The New Zealand Superannuation Fund has been increasing its investment in the world’s dirtiest coal companies over the last three years despite large declines in their value as the world dumps coal to save the climate, the Green Party said today. New analysis from the Parliamentary Library shows that the Superannuation Fund (the Fund) has increased the value of its investments in the world’s twenty dirtiest† coal companies from $29 million at June 30, 2011 to $36 million at June...

Power prices are set to rise further under National along with our carbon emissions, as outlined in its Energy and Resources policy announced this morning, the Green Party said today. National has announced a further $8 million of new subsidies for oil companies and no new initiatives to curb rising electricity prices, up 27 percent since 2008 despite residential demand falling by 2.6 percent. “National is taking New Zealand down a path of dirty energy and rising electricity prices. Three...

The Green Party today launched its plan for cleaner, cheaper, smarter energy with a target of reaching 100 percent renewable generation by 2030.